Adani Ports and Special Economic Zone Limited (APSEZ) has completed the acquisition of 100% ownership of NQXT Australia, a natural deep-water, multi-user export terminal located at Abbot Point in North Queensland.
The company confirmed that the transaction was concluded after fulfilling all regulatory and procedural requirements.
These included approvals from majority-of-minority shareholders, the Reserve Bank of India, and Australia’s Foreign Investment Review Board, among other statutory clearances.
As part of the acquisition, APSEZ allotted 14,38,20,153 equity shares, each with a face value of ₹2, to the seller Carmichael Rail and Port Singapore Holdings Pte Ltd on a preferential basis.
APSEZ’s management said the NQXT acquisition is a key step in the company’s plan to handle 1 billion tonnes of cargo by 2030.
The company stated that NQXT offers favourable geographic positioning, strong growth potential, and a well-established sustainability record.
The acquisition is also expected to enhance APSEZ’s presence along the East–West trade corridor, complementing its existing
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