August 30 -- Zhejiang Kingland Pipeline and Technologies (002443) reported on August 29 that subsidiary Zhejiang Kingland Pipeline Industry has won a 274 million yuan contract to supply 45,004 tons of straight welded pipes to Beijing Guowang Fuda Corporation under State Grid between November 2011 and March 2012, reports yicai.com, citing the company’s announcement.

The contract value is equivalent to 10.71 percent of the Huzhou-based city's 2010 revenues, the source said.

Shares of Zhejiang Kingland Pipeline and Technologies (002443) were up 1.25 percent to close at 13.78 yuan today.