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Adani Ports to Acquire Australian Terminal in $2.4 Billion Non-Cash Deal

The Daily Guardian

|

April 18, 2025

This strategic move is part of APSEZ's global growth plan, aiming to double its cargo volumes to 1 billion tonnes by FY30

- AGENCIES

Adani Ports to Acquire Australian Terminal in $2.4 Billion Non-Cash Deal

Adani Ports and SEZ Ltd, India's biggest private port operator, announced on Thursday a USD 2.4 billion non-cash acquisition of a coal export terminal in Australia from a group company to strengthen its presence in the Asia-Pacific region.

The Board of APSEZ "approved the acquisition of Abbot Point Port Holdings Pte Ltd (APPH), Singapore, from Carmichael Rail and Port Singapore Holdings Pte Ltd, Singapore (CRPSHPL)", the company said in a statement.

CRPSHPL is a related party.

APPH owns the entities which own and operate the North Queensland Export Terminal, a dedicated export terminal with a current nameplate capacity of 50 million tonnes per annum (MTPA).

The terminal is located at the Port of Abbot Point, approximately 25 km north of Bowen in North Queensland on Australia's east coast.

The Daily Guardian से और कहानियाँ

The Daily Guardian

Dominican Republic grants U.S. access to restricted areas

Dominican Republic President Luis Abinader announced Wednesday that he has authorized the U.S. government to operate inside restricted areas in the Caribbean country to help in its fight against drug trafficking.

time to read

1 min

November 28, 2025

The Daily Guardian

The Daily Guardian

India will emerge as leader in global satellite launch ecosystem: PM Modi

India will emerge as a global leader in the satellite launch ecosystem, Prime Minister Narendra Modi said on Thursday after virtually inaugurating the leading private space company Skyroot’s Infinity Campus in Hyderabad.

time to read

2 mins

November 28, 2025

The Daily Guardian

'Work is incomplete without emotions': Pankaj Kapur on Al in filmmaking

Veteran actor Pankaj Kapur made an appearance at the 56th International Film Festival of India (IFFI) in Goa as he walked the red carpet for the special screening of his acclaimed 1990 film 'Ek Doctor Ki Maut.'

time to read

1 min

November 28, 2025

The Daily Guardian

Rishabh Pant apologises after Test whitewash

Rishabh Pant took to Instagram toissuea heartfelt apology to fans following India’s 0-2 Test series whitewash at home against South Africa. The wick-etkeeper-batter, who captained theside in the absence of Shubman Gill, admitted that the team fell short of expectations and acknowledged the disappointment felt across the country.

time to read

1 mins

November 28, 2025

The Daily Guardian

The Daily Guardian

Courts not taking suo moto action against fake data: AAP

On the ongoing levels of Delhi pollution, AAP (Aam Aadmi Party) Delhi President Saurabh Bhardwaj said that the “courts are not taking suo muto action, despite knowing that the BJP is involved in manipulating air pollution data.”, on Friday.

time to read

1 min

November 28, 2025

The Daily Guardian

'Stranger Things 5' premiere crashes Netflix

As fans rushed to stream the highly awaited premiere of Stranger Things Season 5, popular streaming platform Netflix has reportedly experienced widespread outages.

time to read

1 min

November 28, 2025

The Daily Guardian

The Daily Guardian

Ankit of Bhau gang arrested after a brief encounter with Anti-Narcotics Cell

A member of the Bhau gang named Ankit was arrested after a brief encounter with the Anti-Narcotics Cell of Delhi Police in Dwarka, Delhi, on Thursday.

time to read

2 mins

November 28, 2025

The Daily Guardian

The Daily Guardian

Applause is not power: The single lesson connecting Uma Bharti, Prashant Kishor

Indian politics is marked by a recurring delusion: a leader begins to mistake applause for permanence and their authority for absolute ownership.

time to read

6 mins

November 28, 2025

The Daily Guardian

The Daily Guardian

PTI urges government to clarify ‘rumours’ surrounding Imran Khan’s health

The Pakistan Tehreek-e-Insaf has sought an official response from the government amid growing “rumours” about the health of jailed party founder Imran Khan, urging authorities to immediately facilitate a meeting between him and his family, Dawn reported.

time to read

1 min

November 28, 2025

The Daily Guardian

Namrata Soni recalls styling Aishwarya Rai, Sushmita Sen

Renowned celebrity makeup artist Namrata Soni has reflected on her journey in the beauty industry, sharing experiences of working with Bollywood legends Aishwarya Rai Bachchan and Sushmita Sen, and creating the complete bridal look for actor Sonam Kapoor.

time to read

1 min

November 28, 2025

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