Wedoany.com Report-Dec.25, Adani Ports and Special Economic Zone Limited has successfully completed the acquisition of 100 per cent interest in NQXT Australia. The transaction received all necessary approvals, including consent from the majority of minority shareholders, the Reserve Bank of India, and the Foreign Investment Review Board of Australia.

To facilitate the deal, APSEZ issued 14.38 million equity shares with a face value of ₹2 each to the seller, Carmichael Rail and Port Singapore Holdings Pte Ltd, on a preferential basis.

Ashwani Gupta, Whole-time Director and CEO of APSEZ, said: "Closure of NQXT marks a major milestone in APSEZ's growth journey towards 1 billion metric tonnes of cargo by 2030."

He added: "NQXT is a high-quality asset with distinct geographical advantages, strong growth potential, and an enviable sustainability record. It strengthens our footprint along the East-West trade corridor alongside our international ports in Israel, Colombo and Tanzania. We are pleased to welcome NQXT to the APSEZ family and look forward to enhancing our impact on global trade."

NQXT operates as a high-growth, cash-generating terminal supported by take-or-pay contracts. During the financial year 2025, the terminal maintained a contracted capacity of 40 million tonnes. It generated A$228 million in EBITDA, equivalent to approximately $149 million.

On a proforma basis, NQXT contributed about 6 per cent to APSEZ's total revenue and 7 per cent to its EBITDA for FY25. The asset enhances APSEZ's international presence and supports the company's strategic objective of expanding its global cargo handling capabilities.

The acquisition positions APSEZ to benefit from NQXT's strategic location, which offers advantages in handling trade flows across key maritime routes. The terminal's established operational performance and sustainability practices align with APSEZ's focus on responsible infrastructure development.

This step reinforces APSEZ's position as India's largest integrated transport utility. The company continues to pursue opportunities that strengthen its network across ports, logistics, and related infrastructure, both domestically and internationally.

In a separate development, in October 2025, Adani Enterprises, through its joint venture AdaniConneX, partnered with Google to develop India’s largest AI data centre campus along with supporting green energy infrastructure in Visakhapatnam, Andhra Pradesh.

The NQXT acquisition and the data centre initiative demonstrate APSEZ’s and the Adani Group’s ongoing efforts to build diversified, high-value assets that contribute to trade, technology, and sustainable growth in key regions.

APSEZ remains committed to executing its long-term vision of scaling operations while maintaining strong financial performance and environmental standards across its portfolio.