Changgao Electric units win State Grid substation equipment bids worth 230.4 mln yuan
According to Reuters, Changgao Electric said its units won bids for State Grid Corp substation equipment projects valued at 230.4 million yuan.
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what happened
Reuters reports that Changgao Electric said its subsidiaries secured bids on State Grid Corp projects to supply substation equipment.
The projects are valued at 230.4 million yuan, or about $34.54 million at the rate of 6.6701 yuan per dollar.
why it matters
Contracts from State Grid point to steady demand for grid equipment. The sum is modest for markets as a whole, so the effect on the company's shares and the sector is likely limited.
tags
instruments
sources
- Changgao Electric's Units Win Bids In Equipment Projects Worth 230.4 Mln Yuan — Reuters, 3 November 2026 at 23:56 UTC
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