Tata Metaliks announced that some parts of its manufacturing operations and its associated facilities in Kharagpur ('units') will undergo a planned shutdown, in phases, for annual maintenance and overhauling from 15 May 2019. The entire plant is expected to be back to normal operation and on stream by 27 May 2019.

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Net profit of Tata Metaliks rose 17.75% to Rs 64.35 crore in the quarter ended March 2019 as against Rs 54.65 crore during the previous quarter ended March 2018. Sales rose 8.67% to Rs 593.80 crore in the quarter ended March 2019 as against Rs 546.43 crore during the previous quarter ended March 2018.

For the full year,net profit rose 14.27% to Rs 181.89 crore in the year ended March 2019 as against Rs 159.18 crore during the previous year ended March 2018. Sales rose 15.02% to Rs 2155.11 crore in the year ended March 2019 as against Rs 1873.69 crore during the previous year ended March 2018.

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Tata Metaliks announced that the Board of Directors of the Company at its meeting held on 15 April 2019, has recommended a Final dividend of Rs.3.5 per share(i.e.35%), subject to the approval of the shareholders.

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The result was announced after market hours yesterday, 15 April 2019.

Meanwhile, the S&P BSE Sensex was up 309.10 points, or 0.79% to 39,214.94

On the BSE, 6,680 shares were traded in the counter so far compared with average daily volumes of 4,454 shares in the past two weeks. The stock had hit a high of Rs 685 and a low of Rs 675.25 so far during the day.

Tata Metaliks' board recommended a dividend of Rs 3.50 per share for financial year 2018-19 to the shareholders.

Tata Metaliks, a subsidiary of Tata Steel, has its manufacturing plant at Kharagpur, West Bengal, India which produces pig iron and ductile iron pipes in India.

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