Adani Ports has announced its intention to acquire the North Queensland Export Terminal in Australia for A$3.98 billion. The acquisition involves issuing 143.8 million shares to Carmichael Rail and Port Singapore Holdings. The terminal, with a capacity of 50 million tonnes annually, has potential for green hydrogen exports. This strategic move aims to bolster Adani Ports' global presence in port operations. The terminal's operator, Abbot Point Port Holdings, will be acquired along with certain non-core assets and liabilities. The acquisition is part of Adani Ports' strategy to diversify and strengthen its international operations. The terminal's location on Australia's east coast positions it well for growth with upcoming contract renewals and opportunities in sustainable exports like green hydrogen. Ashwani Gupta, the CEO of APSEZ, highlighted the significant strategic value of the acquisition, emphasizing the potential for robust growth, increased capacity, and future green hydrogen exports. Adani Ports aims to achieve an EBITDA of A$400 million within four years. This move reflects a commitment to sustainable practices while leveraging diverse opportunities in the global port industry and adapting to market trends. The acquisition is expected to enhance Adani Ports' competitiveness in the maritime market, drive higher revenues, and support the company's financial growth targets.