Changgao Electric Group's subsidiary company has won a bid for a National Grid project worth approximately 1.81 billion yuan.
Changgao Electric (002452.SZ) announcement, according to the "State Grid Corporation of China 2026 Power Transmission and Transformation Project First Bid-winning Announcement for Transformer Equipment (Including Cables)" and "State Grid Corporation of China 2026 Power Transmission and Transformation Project First Direct Procurement Announcement for Transformer Equipment (Single Source)", the company's wholly-owned subsidiaries Hunan Changgao Electric Co., Ltd., Hunan Changgao High Voltage Switch Co., Ltd., Hunan Changgao Complete Electrical Equipment Co., Ltd., and Hunan Changgao Senyuan Electric Power Equipment Co., Ltd. have respectively won bids in the categories of combined electrical appliances, isolation switches, and switch cabinets. In the above-mentioned bidding projects, the four subsidiaries collectively won bids totaling 181 million yuan.
Changgao Electric Group (002452.SZ) announced that its wholly-owned subsidiaries Hunan Changgao Electric Co., Ltd., Hunan Changgao High Voltage Switch Co., Ltd., Hunan Changgao Complete Electrical Equipment Co., Ltd., and Hunan Changgao Senyuan Power Equipment Co., Ltd. have won bids in the tender for three categories of products: composite apparatus, isolation switches, and switch cabinets as stated in the "Announcement of Winning Bids for the First Bidding and Procurement of Transformer Equipment (including Cables) for State Grid Corporation of China's 2026 Transmission and Transformation Project" and "Announcement of Successful Bid for the Direct Procurement (Single Source) of Transformer Equipment for State Grid Corporation of China's 2026 Transmission and Transformation Project." The total amount of the winning bids for these four subsidiaries in the above-mentioned projects is 181 million yuan.
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