Based in New Delhi, Eternus is headquartered in the heart of India, giving its team access to key companies and people for strategic initiatives, mergers and acquisitions and capital raising. In India, we assist most of the prominent companies in the Steel, Cement, Power, Mining and Infrastructure space looking at acquiring resources overseas. We provide transaction oriented advice to companies with economic interest in mining concessions of coal and various minerals currently at varied stages of development.We principally advise clients to conceive and execute trans-national investments and acquisition of mining, power, steel and other infrastructure assets. We work with select institutions and private equity funds to ensure availability of long term risk capital required for execution of such projects. We also assist listed/unlisted companies in India to raise funds from a pool of global Investors.

State-owned Coal India Ltd, with its seven subsidiaries, is the largest miner contributing more than 90% of India's coal supply. There are 556 coal mines in India, mostly owned by the government and located primarily in east and south central regions of the country. India produced 526.16 million tonnes of coal in 2009/10, up 6.78 percent from 492.76 million tonnes of coal in the previous year. Imports of coal were 73.25 million tonnes in 2009/10, up 24 percent from 59 million tonnes in the previous year. Given the current phase of expansion announced by the Steel and Cement companies accompanied with the announcement of numerous thermal power projects, India faces a shortfall of 104 million tons in the 12 months ending March 2012 which needs to be covered through imports. India became South Africa's largest single market for thermal coal this year and has absorbed all the tonnage unabsorbed by the weak European market.

At Eternus, we are engaged in cross-border transactions involving India that range from global resource acquisitions to international capital raising. The senior management of Eternus has demonstrated a unique ability to creatively structure transactions to meet the specific needs of our clients. We are committed to explore high quality minerals and coal overseas and contribute to the nation's economy. Hands-on leadership at every stage of the process, unmatched attention to detail, an ability to tailor the transaction to the unique circumstances of each client, and a resolute focus on the client's success are hallmarks of our approach.