offtake
Speech parts
1. offtake - Noun
2. offtake - Verb
Meaning
offtake (third-person singular simple present offtakes, present participle offtaking, simple past offtook, past participle offtaken)
(obsolete) To take off; take away.
A point or channel of drainage or off-flow; offlet.
(mining) The removal of oil (or an industrial chemical) from a storage facility.
An act of taking off; specifically, the taking away or purchase of goods.
Something taken off; a deduction.
Source: en.wiktionary.orgAnagrams
Examples
During FY20, CIL’s offtake was down by a little over 4 per cent to 581.73 mt as against 608.14 mt in the same period last year.
Despite market challenges, the business grew ahead of the market as Gillette achieved its highest-ever share and strong offtake growth,” Gillette India Managing Director Madhusudan Gopalan said.
Any by-product credits from contained Cu and co have been assumed to be incorporated into the payability, based on advice from POs following discussions with potential offtake partners.
“Real estate developers are facing a funding crunch and the offtake is still anaemic, which could pressure lenders whose large part of books are moving out of moratorium,” the firm said.
The cement industry is reported to have witnessed a good offtake, including some strong positive growth in certain regions during June.
The offtake was 14 tonnes.