# Pinggao Electric wins CNY 2.067B in State Grid procurement bids

Pinggao Electric and its subsidiaries won bids from State Grid Corporation of China for equipment procurement, with total winning amount of approximately CNY 2.067 billion.

- Type: Contract
- Announced: 2023-03-07
- Where: China
- Value: $300.0M (2.07B CNY)
- Status: announced
- Products: electrical equipment for transmission and substation
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [State Grid Corporation of China](https://endata.com/companies/4270.md) (customer)
- [Pinggao Electric](https://endata.com/companies/15879.md) (supplier)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/887884.html), 2023-03-07: "公司及子公司、合营公司为相关项目中标单位，中标金额合计约为20.67亿元，占2021年营业收入的22.29%。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.