# Pinggao Electric wins about 1.959 billion yuan in State Grid bids

Pinggao Electric and its subsidiaries won bids from State Grid Corporation of China for multiple procurement projects, with total winning amount of about 1.959 billion yuan, accounting for 17.68% of 2023 revenue.

- Type: Contract
- Announced: 2024-11-05
- Where: China
- Value: $270.0M (1.96B CNY)
- Status: announced
- Products: transmission and distribution equipment
- 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

- [i.ifeng.com](https://i.ifeng.com/c/8eGVfglmhSa), 2024-11-05: "公司及子公司为相关项目中标单位，中标金额合计约为19.59亿元，占2023年营业收入的17.68%。"

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