Adani Port Share Price: Good news came from Adani Port on market holiday- bought this foreign company:

Adani Port Share Price: Adani Ports and Special Economic Zone Limited (APSEZ) on Friday announced the acquisition of North Queensland Export Terminal (NQXT) of Australia.

With this acquisition, the company has taken a significant step towards achieving its target of handling 1 billion tonnes of cargo annually by 2030.

The Board of Directors of the company has approved the acquisition of 100% ownership of Singapore-based Abbott Point Port Holdings Private Limited (APPH). This acquisition has been done from Carmichael Rail and Port Singapore Holdings Pte Ltd, which is a related party of APSEZ. Key points related to the acquisition.

The current capacity of NQXT is 50 million tonnes per annum (MTPA), which can be expanded to 120 MTPA in future.
The terminal handled its highest ever cargo of 35 million tonnes in FY25.
The terminal generated revenue of A$34.9 crore and EBITDA of A$22.8 crore in FY25, and APSEZ is expected to have EBITDA margins of over 90%.
The lease period of NQXT is 85 years, valid until the year 2110.
The deal is a cash-free transaction, with APSEZ allocating 14.38 crore equity shares to the seller, increasing the promoter group's stake by 2.13%.

What will be the benefit
APSEZ CEO Ashwani Gupta said, "The acquisition of NQXT is an important part of our international strategy. It will give us access to new export markets and secure long-term contracts. This terminal also strengthens our 'Grow with Goodness' initiative, which is based on environmental, social and governance standards."

The deal is subject to the relevant regulatory approvals and is expected to be completed in the next two quarters. With this, APSEZ is going to take another strong step in the global port and logistics sector.