Commodities Buzz: Coal India April Output Jumps Nearly 17% YOY

Coal India Ltd (CIL) has reported a Coal production of 44.8mn tonnes for the month of April 2018, an increase of 16.7% yoy. Offtake for the month stood at 51mn tonnes, an increase of 12.9% yoy. However, this marks a 96% achievement of the companys monthly production target and a 90% achievement of the monthly offtake target. As on 28 April 2018, coal stock levels are either critical or super critical at 28 thermal power plants across the country.