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Coal India's offtake increased in April

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Amid the second wave of COVID-19, Coal India Ltd’s (CIL) offtake increased to 54.1 million t in April 2021.
Of this, the power sector lifted 42.4 million t accounting for nearly 78% of total supplies. The remaining 11.7 million t was made up by the non-power sector.
Offtake could have been even higher but the pandemic spread afflicted over 5400 employees of the company and their wards across subsidiaries including contractual workers, slowing down the operations. Most of them are involved in the frontline output and offtake operations. Loading from private washeries, good sheds, and transport through road mode also took a hit, said a press statement issued by CIL. ....

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CIL to help reduce FY21 coal imports

Coal India Ltd’s measures is set to help lower India’s coal import by 90 million t in FY21. ....

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Tata Motors optimistic about overcoming semiconductors supply constraint

Homegrown auto major Tata Motors is optimistic that the supply constraint of semiconductors that has impacted its commercial vehicles production will be back to normal by the second half of the next fiscal, according to a senior company official.
The company, which had hiked prices in October and January to offset the impact of rising commodity rates, is looking at taking a similar step in April in the wake of continued increase in steel and other raw material prices.
In H2 (second half of the ongoing fiscal), we have also seen the semiconductors becoming a major constraint. This is something which has actually affected us in the commercial vehicles (CVs) also, Tata Motors President Commercial Vehicle Business Unit Girish Wagh told PTI. ....

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Octro expands business overseas, says ban on game helping foreign firms

Online gaming company Octro has started expanding its business overseas after traction in its casino and card games, namely PlayRummy and Teen Patti, according to a senior company official.
The firm s Chief Marketing Officer Manav Sethi said the move of some state governments to ban online gaming is helping gaming companies that are registered outside India.
By March of 2021, we would start the user acquisition for international markets, Sethi told PTI.
He claimed that the company has seen 100 per cent growth year-on-year, and its revenue is in three digits of crore on Indian currency.
Octro owns online games including PlayRummy, Teen Patti, Indian Rummy, Tambola and Soccer Battles. The company s card games involve real monetary transactions that it calls a game of skills. ....

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