# Pinggao Electric wins approximately CNY 946 million in State Grid bids

Pinggao Electric Co., Ltd. and its subsidiaries were selected as winning bidders for State Grid Corporation of China's 2024 procurement projects, with total winning bids of approximately CNY 946 million, representing 8.54% of 2023 revenue.

- Type: Contract
- Announced: 2024-05-08
- Where: China
- Value: $131.0M (946.0M CNY)
- Status: announced
- Products: transmission and distribution equipment
- 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

- [cls.cn](https://www.cls.cn/detail/1670516), 2024-05-08: "Pinggao Electric announced that it and its subsidiaries are winning bidders for State Grid projects with total bids of approximately 9.46 billion yuan."

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