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Adani Ports and Special Economic Zone Limited (APSEZ) has completed its acquisition of 100% interest in NQXT Australia, finalizing all conditions including approvals from shareholders and regulatory bodies. APSEZ allotted 14,38,20,153 equity shares to Carmichael Rail and Port Singapore Holdings Pte Ltd.

NQXT is projected to contribute significantly to APSEZ's goal of handling 1 billion metric tonnes of cargo by 2030, with a contracted capacity of 40 million tonnes and an expected EBITDA of A$ 228 million for 2024-25. The terminal, with a capacity of 50 million tonnes per annum, is under a long-term lease from the Queensland government and is essential for Australia's resource industry. It has an 85-year remaining lease set to expire in 2110 and is positioned for growth in global demand, including potential for green hydrogen exports.