After opening the day lower, Indian share markets turned positive as the session progressed and ended the day flat.Equity benchmark indices started the week on a dismal note, ending Monday’s session with sharp losses ahead of key CPI inflation data both in India and the US on Tuesday.At the closing bell, the BSE Sensex stood lower by 616 points (down 0.8%).Meanwhile, the NSE Nifty closed lower by 160 points (down 0.7.Apollo Hospital, Nestle, and Cipla were among the top gainers today.SBI, Tata Steel, and Bajaj Auto on the other hand, were among the top losers today.The GIFT Nifty ended at 22,420 down by 239 points.Broader markets ended the day lower. The BSE Mid Cap ended 0.2% lower and the BSE Small Cap index ended 2% lower.Sectoral indices are trading negative, with stocks in the telecom sector and the metal sector witnessing selling pressure.Shares of Trent, Bajaj Auto, and ABB India hit their respective 52-week highs today.The rupee is trading at 82.8 against the US$.Gold prices for the latest contract on MCX are trading 0.1% higher at Rs 66,081 per 10 grams.Meanwhile, silver prices are trading 0.2% higher at Rs 74,400 per 1 kg.
 Gensol Engineering Slips 10%?In news from the engineering sector, shares of Gensol Engineering slumped 10% to Rs 911 in the afternoon on 11 March, even as the company bagged an order for a 70 MW / 140 MWh out of 250 MW / 500 MWh standalone Battery Energy Storage Systems (BESS) project.This project is expected to contribute Rs 4.5 bn to Gensol’s revenue throughout the contract. However, the specific timeframe of the contract has not been disclosed by the company.The project will be developed by Gensol under a Tariff-Based, Global Competitive Bidding model to provide energy storage capacity to Gujarat Urja Vikas Nigam Limited (GUVNL) in Gujarat on a demand basis.The company revised its revenue guidance for the financial year 2024 to slightly over Rs 10 bn, down from the previous guidance of Rs 15 bn.The company specializes in engineering, procurement, and construction (EPC) services, focusing on the solar power sector.

Torrent Power Hits Record High. Here’s why
Moving on to news from the power sector, shares of Torrent Power rallied 12.5% to hit an all-time high of Rs 1287.5 per share after the company bagged 306 megawatt (MW) solar project in Maharashtra for Rs 15.4 bn.Torrent Power said it received a letter of award (LoA) from Maharashtra State Electricity Distribution Company (MSEDCL) to supply 306 MW of solar power under Mukhya Mantri Saur Krushi Vahini Yojana 2.0 scheme for feeder level solarisation under PM KUSUM Scheme.The projects will be set up at 48 distributed locations in Nasik District and the power shall be procured by MSEDCL through 25 years PPA.With the award of this 306 MW capacity, Torrent’s renewable capacity under construction has increased to 1.7 gigawatts (GW). Upon completion of these 1.7 GW projects, Torrent’s renewable capacity will increase to 3 GW in the next 18-24 months.
 NLC India zooms 12%Moving on, shares of NLC India surged nearly 12% on 11 March to hit the day’s high of Rs 244.1 on the NSE as the company’s offer-for-sale (OFS) opened for retail investors.The issue will close at 3:30 pm, and the sale is being conducted on a separate window of the stock exchanges. The floor price for the issue is set at Rs 212 per share. The face value is Rs 10 per equity share.Through the OFS, the government proposes to sell up to 69.3 m equity shares or a 5% stake in the state-run company with an option to sell an additional stake of up to 2% or 27.7 m shares in case of oversubscription.The stock on 11 March also gained on account of NLC India signing an agreement with the Government of Rajasthan for the formation of a joint venture (JV). The MoU entails an investment of more than Rs 70 bn.It outlines the establishment of a 125 MW Lignite Pit-head Thermal Power Plant in Bikaner district and a massive 1000 MW Solar Power Plant. Additionally, a LoI for the setup of an 810 MW solar power plant has already been issued.NLC India is a public-sector undertaking that is involved in lignite mining, coal mining, and power generation. The company has a lignite mining capacity of 30.1 million tonnes per annum (MTPA), a coal mining capacity of 20 MTPA, and an installed power generation capacity of 6,071 MW at present.Its power stations cater to the five southern states of Tamil Nadu, Andhra Pradesh, Telangana, Kerala, and Karnataka, it also caters to the Union Territory of Puducherry, as well as Rajasthan through its thermal plant in Barsingsar.More By This Author:Sensex Today Trades Flat; Nifty Below 22,500Sensex Today Ends Flat; Smallcap Stocks ShineSensex Today Hits Record High; Nifty Tops 22,500 Mark