# Pinggao Electric wins CNY 650 million State Grid contracts

Pinggao Electric and its subsidiaries won bids for State Grid procurement projects totaling approximately CNY 650 million, equivalent to 7.01% of 2022 revenue.

- Type: Contract
- Announced: 2023-10-09
- Where: China
- Value: $89.0M (650.0M CNY)
- Status: completed
- Products: electrical equipment for power transmission
- 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/1003406.html), 2023-10-09: "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6.50亿元"

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