Adani Ports and Special Economic Zone Ltd.

Abbot Point Operations, an Australian subsidiary of Adani Ports and Special Economic Zone (APSEZ) has entered into an agreement to acquire ownership of Abbot Point Bulkcoal (APB). APB is an Australian registered company performing the operations and maintenance activities of Abbot Point Coal Terminal in Queensland, Australia. Under the agreement, APO acquires 100% of shares in APB from Glencore Coal Queensland upon receiving certain approvals.

Post-acquisition, Abbot Point Operations (APO), a wholly owned subsidiary of the company will be the 100% owner of Abbot Point Bulkcoal (APB) and have the control of Operations and Maintenance Agreement for the operations of Abbot Point Coal Terminal, Queensland, Australia.

APSEZ is part of Adani Group with businesses spanning coal trading, coal mining, oil & gas exploration, ports, multi-modal logistics, power generation & transmission and gas distribution. APSEZ represents a large network of ports with India’s largest Special Economic Zone (SEZ) at Mundra.