India’s Adani Ports just made a big move, picking up the North Queensland Export Terminal (NQXT) in Australia for a cool $2.5 billion. This is a major leap for Adani as it expands its footprint in the Indo-Pacific. What’s interesting is that it’s a non-cash deal—Adani issued 143.8 million equity shares to Carmichael Rail and Port Singapore Holdings to seal the deal.
The terminal at Abbot Point is a deep-water coal export facility, capable of handling 50 million tonnes of coal per year. Adani’s plans are pretty ambitious: they’re looking to ramp up the terminal’s earnings to A$400 million within the next four years. And with this strategic location, they’re not just focusing on coal—they’re also eyeing opportunities in green hydrogen exports, which could open up some exciting new markets for them.
