Adani ports to buy Australian terminal at Promotor Entity | Company Business News

Mumbai: Ahmedabad headquarters Adani ports and Special Economic Zone Ltd (APSEZ) said on Thursday that he would buy a port terminal in the Queensland of Australia from a promoter business in a non-cash transaction that the 50 million-ton-per year (MTPA) (MTPA) Will appreciate 3,575 million (about £ 1640 crore or $ 2.5 billion). Adanis flagship port will issue 143.8 million shares to Carmichael Rail and Port Singapore Holdings Pte Ltd, Singapore (CRPSHPL). CRPSHPL is an entity owned by promoter that eventually owns the North Queensland Export Terminal (NQXT). In the transaction, the shareholding in APSEZ will rise by 2.13 percentage points to 68.02%. Apsez bought the Port Terminal in 2011 for the first time for about £ 9,000 crore, according to news reports. However, the asset was sold to the Adani family in 2013 to manage the guilt of the listed company. “The acquisition of NQXT is an important step in our international strategy, which opens new export markets and acquires long -term contracts with esteemed users,” said Ashwani Gupta, full -time director and CEO, APSez, in a press release. The terminal is strategically located on the East West trade, he said. The company intends to grow the ebitda of the asset to a $ 400 million (about $ 255 million) in four years, Gupta said. It recorded an ebitda of a $ 228 million FY25. Ebitda refers to earnings before interest, tax, depreciation and amortization. The terminal has a rated capacity of 50 MTPA and the company estimates that the capacity can be increased to 120 MTPA as demand increases. In the previous financial year (FY25), the terminal handled 35 million tonnes of cargo, the company said. As part of the transaction, Apsez will also accept other non-core assets and obligations associated with the terminal. However, the leverage of Apsez will remain at similar levels after the transaction, the company said. NQXT is a natural deep water, multi-user export terminal at the port of Abbot Point, about 25 km north of Bowen, in northern Queensland on the east coast of Australia. This is under a long-term lease from the Queensland government to the year 2110. These mining companies export metallurgical and energy coal to more than 15 countries of NQXT. Apsez is the largest commercial ports operator in India and is responsible for almost a fourth of the cargo movement in the country. The expansion is part of APSEZ’s stated goal of handling 1 billion tonnes per year by 2030. According to an investor offer, it handled 450 million tonnes in FY25. The company has a consolidated revenue of £ 26.711 in FY24 and the net profit of £ 8.104 crore per data from the BSE. The company’s shares closed 2.2% on Thursday at £ 1,259.90 on the BSE. The transaction was announced to the market hours. First Published: 18 Apr 2025, 05:30 AM IST