Coal India (CIL) reported 9.4% production growth and 5.5% offtake growth YoY in Mar'18. Production jumped significantly in Mar'18 vs. the scanty 1-2% growth seen in the previous months of the year. This may have been led by a) offloading of built up stocks completed by Jan-Feb18 and b) low power plant coal stock (still at 10 days) building up on coal demand. Offtake growth remains strong at 5.5%, due to higher coal...