# Pinggao Electric and joint ventures win ~1.19 billion yuan State Grid contracts

Pinggao Electric Co., Ltd., its subsidiaries, and joint ventures won bids for State Grid Corporation of China's procurement projects (2023 21st and 22nd batches). The total winning amount is approximately 1.19 billion yuan, accounting for 12.83% of 2022 revenue.

- Type: Contract
- Announced: 2023-05-07
- Where: China
- Value: $168.0M (1.19B CNY)
- Status: announced
- Products: transmission and distribution equipment, cables
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

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

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/926943.html), 2023-05-07: "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11.90亿元。"

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