New Delhi, May 12 -- Tata Group's steel manufacturing arm, Tata Steel Ltd, announced its January to March quarter results for the financial year ended 2024-25. The company recorded a 117 per cent rise in its consolidated net profits to Rs.1,201 crore, compared to Rs.554.56 crore in the same quarter of the previous financial year.

Tata Steel's board of directors announced a 360 per cent dividend issue of Rs.3.60 per equity share with a face value of Re 1 apiece. This means that every shareholder will receive a dividend of Rs.3.60 for each equity share they own of the steel making giant.

"Recommended a dividend of Rs.3.60 per Ordinary (Equity) Share of face value Rs.1/- each (360%) to the shareholders of the Company for FY2024-25," said t...