 "Coal and renewables help Tata Power double profit in Q1 at Rs 164 cr")
The stock of Tata Power has underperformed the BSE Power Index for a long time now. While it has lost 2.3 per cent in the past three months, the index has gained 2.7 per cent during the same period.
Concerns over tariff hikes for its 4,000-megawatt Mundra power plant in Gujarat and balance sheet deleveraging are among the major issues hurting investor sentiment.
In the case of Mundra plant, the Central Electricity Regulatory Commission has allowed tariff hike after the company negotiated with the five states it supplies power to from this plant. However, three states (Rajasthan, Maharashtra, and Haryana)
