Lengthening its current rally on continued buying, Bharat Heavy Electricals gained 2.75% to Rs 1,470.75 on BSE.

The scrip's high record during the day was Rs 1,474.40 and low Rs 1,435. The existing market price of Rs 1,470.75 brushes off its earning per share of Rs 49.32 for the year ended March 2007 by a PE multiple of 29.82.

Today, nearly 1.33 lakh shares were traded on the counter. The standard daily volume in the stock was 1.35 lakh shares during in the last one quarter.

On 18 June 2007, Bhel pocketed a Rs 139-crore order from NTPC. The order contains supply of 27 transformers to NTPC with in atime period of 25 months. NTPC will make use of the transformers for its Korba, Dadri and Farakka extension projects.

During the Eleventh Five-Year Plan period, the company also planned an investment of about Rs 3,200 crore to swell its manufacturing capacity from the existing 6,000 mega watt (MW) to 15,000 MW annually.

Bhel would also replace ageing services for meliorating product superiority, plummeting cost and cycle time and raising productiveness, besides developing and promoting equipment at different power plant locations for meeting enhanced erection load and shorter commissioning schedules.

As part of its `Strategic Plan 2012' Bhel has also set a goal of increasing revenue to $10 billion from present $4billion. The company has identified abroad business as one of its thrust areas in the plan, which is expected to be a key driver for turnover growth.

Bhel's main activities are constructing and distributing electrical, electronic, mechanical and nuclear power equipment. The company works in two sections: power and industry. The plants of the company are situated in Ranipet, Goindwal, Jagdishpur, Tiruchy, Rudrapur, Hyderabad, Bangalore and many other places.