Henan Tong-Da Cable (SHE:002560) was recommended to win the State Grid of China's procurement bidding for 175.9 million yuan worth of electrical equipment, according to a Shenzhen bourse filing on Thursday.
The equipment includes packages for low-voltage power cables, 10-kilovolt power cables, 1kV and 10kV overhead insulated conductors and 10kV power cables.
The Chinese wire maker's shares jumped by less than 4% at the close.