Mumbai: The Ahmedabad-Cyroqu by Adani Ports and Special Economic Zone Limited (APSEZ) said on Thursday that it would buy a port terminal from a promoter company in Queensland, Australia, in a non-pawn deal from a promoter company. 21,640 crore or $ 2.5 billion).
Adanis will issue 143.8 million equity shares to Carmical Rail and Port Singapore Holdings PTE LTD, Singapore (CRPSHPL). CRPSHPL is a promoter-owned unit that eventually owns the North Queenland Export Terminal (NQXT). The promoter in the apsez will increase from 2.13 percent to 68.02%in the promoter shareholding in Apsez.
APSEZ first bought a port terminal in 2011 According to news reports, 9,000 crores. However, the property was sold to the Adani family in 2013 to manage the loan of the listed company.
APSEZ said in a press statement, “NQXT acquisition is an important step in our international strategy, opening new export markets and achieving long -term contracts with valuable users.”
The terminal strategically located on the pre-west trade corridor, he said. Gupta said that the company has targeted the property to increase Ebitda from $ 400 million (about $ 255 million) in four years. It recorded an $ 228 million Ebitda in FY25. Ebitda refers to earnings before interest, tax, depreciation and refinement.
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 last financial year (FY25), the terminal handled 35 million metric tonnes of cargo, the company said.
As part of the transaction, apsez will also accept other non-core assets and liabilities attached to the terminal. However, Apsez’s leverage will remain at similar levels, after the transaction, the company said.
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NQxt is a natural deep water, multi-user export terminal at a port of the Abdot Point, about 25 km north of Bowen, about 25 km north of Bowen in Northern Queensland on the east coast of Australia. It is under a long -term lease from the Government of Queensland till 2110.
The terminal operates a “high quality customer base” in the Bowen and Galilee Mining Basin. These mining companies export metal work and energy coal to more than 15 countries from NQXT.
Apsez is India’s largest commercial port operator, and is about one-fourth of the cargo movement in the country. Extension is part of the declared target of the apps to handle 1 billion tonnes per year capacity by 2030. According to the investor presentation, it handled 450 million tonnes in FY 25.
The company reported consolidated revenue 26,711 crore in FY24, and net profit of 8,104 crores, per data from BSE.
Company shares closed 2.2% more 1,259.90 on BSE on Thursday. The transaction was announced after the market hours.