# Henan Pinggao Electric wins CNY1.4B State Grid procurement projects

Henan Pinggao Electric won the bid for CNY1.4 billion State Grid procurement projects, accounting for nearly 13 percent of its 2023 revenue.

- Type: Contract
- Announced: 2025-03-11
- Where: China
- Value: $193.5M (1.40B CNY)
- Status: completed
- Products: electrical equipment
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [State Grid Corporation of China](https://endata.com/companies/4270.md) (customer)
- [Henan Pinggao Electric](https://endata.com/companies/15597.md) (supplier)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/chinese-power-equipment-suppliers-announce-winning-state-grid-procurement-projects), 2025-03-12: "Henan Pinggao Electric said in a statement yesterday that it won the bid for CNY1.4 billion State Grid procurement projects."

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