Mundra Port and Special Economic Zone announced that the State of Queensland in Australia has declared MPSEZ as the successful bidder for long term lease of Abbot Point X50 Coal Terminal following international competitive bidding.
The international bid attracted local and foreign companies and international consortia and the bid passed through three distinct stages of selection lasting over six months. Mundra beat other international players to bag this prestigious acquisition with a bid price of about AUD 1.8 billion which had full financial closure.
The deal was signed in Brisbane, Australia between the company officials and the Queensland government. This achievement also marks the beginning of expansion of business of MPSEZL outside India and is also an acknowledgement of the robust management capability of Mundra Port in developing and operating ports anywhere in the world.
Mr Gautam Adani chairman of Adani Group informed with the acquisition of Abbot Point Coal Terminal, Adani Group controlled Mundra Port has established international credentials an efficient world class port developer and operator. We have harbored aspirations to expand globally and were in search of right business opportunity with strategic fit. Abbot Point is our contribution to India’s increasing global ambition and will boost synergy with other businesses of the group, informed.
Shares of the company gained INR 0.8 or 0.56% to trade at INR 144.60. The total volume of shares traded was 266,085 at the BSE.
The international bid attracted local and foreign companies and international consortia and the bid passed through three distinct stages of selection lasting over six months. Mundra beat other international players to bag this prestigious acquisition with a bid price of about AUD 1.8 billion which had full financial closure.
The deal was signed in Brisbane, Australia between the company officials and the Queensland government. This achievement also marks the beginning of expansion of business of MPSEZL outside India and is also an acknowledgement of the robust management capability of Mundra Port in developing and operating ports anywhere in the world.
Mr Gautam Adani chairman of Adani Group informed with the acquisition of Abbot Point Coal Terminal, Adani Group controlled Mundra Port has established international credentials an efficient world class port developer and operator. We have harbored aspirations to expand globally and were in search of right business opportunity with strategic fit. Abbot Point is our contribution to India’s increasing global ambition and will boost synergy with other businesses of the group, informed.
Shares of the company gained INR 0.8 or 0.56% to trade at INR 144.60. The total volume of shares traded was 266,085 at the BSE.
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