The bids for these contracts were submitted in January this year and opened in March.
The bids submitted by Jiangxi Construction have been annulled after the government decided to restrict Chinese companies in India
The project is to be constructed in 24 months and operated for 15 years post construction.
In the past two months, the stock has outperformed the market by surging 47 per cent, as compared to a 2 per cent rise in the Sensex.
Expenses increased to Rs 972.14 crore from Rs 628.19 crore in January-March 2018
PNC Infratech Ltd has been declared lowest bidder for NHAI project of 145 km long six-laning of Chakeri -Allahabad section of NH 2
The stock rallied 12% to Rs 135, also its 52-week high on the BSE in early morning trade.
PNC said its total order intake during the financial year 2015-16, ending on Thursday, now stands at over Rs 3,900 crore
The company commissioned the Raebareli-Jaunpur BOT project 3 months ahead of schedule.