Adani Ports and Special Economic Zone (APSEZ) has announced the acquisition of Abbot Point Port Holdings (APPH), which owns and operates the North Queensland Export Terminal (NQXT) in Australia. The transaction, valued at A$3,975 million, will see APSEZ issuing equity shares to acquire 100% interest in APPH. NQXT, located at the Port of Abbot Point, has a current capacity of 50 million tonnes per annum and is seen as a valuable asset to consolidate APSEZ's presence in the East-West trade corridor. The terminal, under a long-term lease from the Queensland Government, has multiple major customers and posted significant revenue and EBITDA in FY25. APSEZ's CEO, Ashwani Gupta, views the acquisition as a strategic move to tap into new export markets and secure long-term contracts. The company plans to leverage the potential of NQXT for green hydrogen exports in the future. With a focus on increasing capacity, renewing contracts, and the anticipated green hydrogen exports, APSEZ aims to grow NQXT's EBITDA to A$400 million within four years. The acquisition aligns with APSEZ's global expansion strategy and reinforces its position in international trade along the East-West corridor.