Mundra Port To Develop Coal Terminal In Australia

Mundra Port and Special Economic Zone Ltd (MPSEZ), the company that manages and operates the largest private port in India, has emerged as the winning bidder for long-term lease of Abbot Point Coal Terminal X50 (APCT) in state of Queensland in Australia.
MPSEZ participated in an international tender that attracted local and foreign companies and international consortia. Mundra beat other international actors to bag the acquisition of prestige at a price of around U.S. $ 1800000000 had full financial closure.

APCT is the most northerly port of export coal in Queensland and is owned by the North Queensland Bulk Ports Corporation Limited (NQBP). The State has structured the sale APCT through 99 years of the lease in the course of the coal companies and their infrastructure.The Coal Terminal has two seats can handle Cape size vessels with a deadweight of more than 2 lakh tonnes with a annual capacity of 50 million tons of cargo.

"We bring the efforts to expand globally and had to find the right business opportunities with the strategy. Abbot Point is our contribution to India's growing global goal and increase synergies with other Group companies," said Gautam Adani Adani Group Chairman.