Adani Ports and Special Economic Zone Ltd (APSEZ) has acquired Singapore-based Abbot Point Port Holdings Pte Ltd.

Which owns the 50 mtpa North Queensland Export Terminal (NOXT), in a $2.4 billion non-cash, related-party deal. Funded through a preferential allotment of 14.35 crore equity shares to CRPSHPL, the acquisition raises APSEZ’s promoter group holding by 2.13%. This re-acquisition aligns with APSEZ’s global expansion goals and its target of handling 1 billion tonnes annually by 2030. NOXT, located in Queensland, Australia, is a key export gateway with 85 years of lease life, 60-year average mine life, and 90%+ EBITDA margin. It handled 35 mt cargo in FY25 and supports long-term contracts, ESG standards, and potential green hydrogen exports.