Dikhyaa Mohanty 
The purchase of Abbot Point Port Holdings Pte Ltd (APPH), Singapore, from a related party, Carmichael Rail and Port Singapore Holdings Pte Ltd, Singapore (CRPSHPL), was authorized by the Adani Ports and Special Economic Zone Ltd (APSEZ) Board of Directors on Thursday. The North Queensland Export Terminal (NQXT), a specialized export terminal with a current nameplate capacity of 50 million tonnes per annum (MTPA), is owned and operated by vAPPH. The deal will accelerate the APSEZ’s progress toward handling 1 billion tons annually by 2030 and expand its worldwide transportation and logistics network.
On Thursday, the Adani Ports and Special Economic Zone Ltd (APSEZ) Board of Directors authorized the purchase of Abbot Point Port Holdings Pte Ltd (APPH), Singapore, from a related party, Carmichael Rail and Port Singapore Holdings Pte Ltd, Singapore (CRPSHPL). With a current nameplate capacity of 50 million tonnes per annum (MTPA), the North Queensland Export Terminal (NQXT) is a specialized export terminal owned and operated by vAPPH. Through this deal, the APSEZ will expand its worldwide transportation and logistics reach and accelerate its goal of handling one billion tons annually by 2030.
“NQXT’s acquisition is a pivotal step in our international strategy, opening new export markets and securing long-term contracts with valued users. Strategically located on the East-West trade corridor, NQXT is poised for robust growth as a high-performing asset, driven by increased capacity, upcoming contract renewals in the medium term, and the potential for green hydrogen exports in the long term. We are targeting EBITDA growing to A$400 million within 4 years. I am proud to welcome NQXT to our ‘Growth with Goodness’ initiative, as it exemplifies our commitment to high standards in environmental, social, and governance practices” said Ashwani Gupta, Whole-time Director and CEO, APSEZ.
