Adani Ports To Buy Australian Coal Facility, Expand Global Footprint

SUMMARY

Adani Ports announced connected Thursday its volition to acquisition nan North Queensland Export Terminal, a deep-water ember export installation located connected Australia's eastbound coast, for an endeavor worth of astir A$3.98 cardinal ($2.54 billion). This woody is simply a strategical move to bolster its world beingness successful larboard operations. On Thursday, Adani Ports shares ended 2.2% higher astatine Rs 1259.90 connected BSE. Market headdress of nan Adani Group patient stood astatine Rs 2.72 lakh crore. The announcement was made aft marketplace hours connected April 17. 

Adani Ports shares deed a 52 week precocious of Rs 1607.95 connected June 3, 2024 and fell to a 52 week debased of Rs 993.85 connected November 21, 2024.

As portion of nan acquisition, Adani Ports will rumor 143.8 cardinal shares to Carmichael Rail and Port Singapore Holdings, acquiring nan terminal's operator, Abbot Point Port Holdings, on pinch assuming definite non-core assets and liabilities from Abbot Point Port's equilibrium sheet. The terminal, initially bought by Adani Ports successful 2011 and sold to nan Adani family successful 2013, boasts a capacity of 50 cardinal tonnes per annum.

Located strategically connected Australia's eastbound coast, nan North Queensland Export Terminal is poised for important maturation acknowledgment to expanding capacity and imaginable statement renewals. Additionally, nan installation presents opportunities successful greenish hydrogen exports, a burgeoning assemblage that could further heighten Adani Ports' portfolio. 

Speaking connected nan acquisition, Ashwani Gupta, Whole-time Director & CEO, APSEZ, said, "NQXT’s acquisition is simply a pivotal measurement successful our world strategy, opening caller export markets and securing semipermanent contracts pinch weighted users. Strategically located connected nan East-West waste and acquisition corridor, NQXT is poised for robust maturation arsenic a high-performing asset, driven by accrued capacity, upcoming statement renewals successful nan mean term, and nan imaginable for greenish hydrogen exports successful nan agelong term. We are targeting EBITDA increasing to A$ 400 cardinal wrong 4 years. I americium proud to invited NQXT to our 'Growth pinch Goodness' initiative, arsenic it exemplifies our committedness to precocious standards successful environmental, social, and governance practices.”

The acquisition marks a important description for Adani Ports, aligning pinch its nonsubjective to diversify and fortify its world operations. The terminal is expected to use from medium-term statement renewals and nan increasing accent connected sustainable exports for illustration greenish hydrogen.

The strategical location and operational capacity will apt heighten Adani Ports' competitiveness successful nan world maritime market. The acquisition will not only summation Adani's larboard capacity but besides perchance thrust higher revenues, supporting nan company's financial maturation targets. This transaction reflects Adani Ports' committedness to leveraging divers opportunities successful nan world larboard manufacture while besides adapting to emerging marketplace trends.

Published on: Apr 18, 2025 4:16 PM IST