Stocks in news: Fortis Health, Lanco Infra, Gujarat Pipavav

Gujarat Pipavav Port -The Board of Directors has approved the project expansion plan for Pipavav Port at a total cost of Rs 1097 crore
-This will be financed through a mix of debt, equity and internal accruals
-Board okays raising Rs 350 crore via equity

Suzlon Energy -Announces new turbine with up to 29% more output
-S111 which is a 2.1 mega watt (MW) machine designed for low wind speed sites

Lanco Infratech
-Morgan Stanley Infrastructure Partners, a USD 4-billion global infrastructure fund, is in early discussions with infrastructure company Lanco Infratech to buy its 401 km of highway projects, in various stages of construction, which are up for sale.

GVK
-Australian Government has halted the process of environmental clearance to the Australian dollar 10 billion (Rs 54,000 crore) coal mine controlled by GVK group in Queensland
-There are differences between the federal government and the state over the environmental impact of the project on the Great Barrier Reef

GAIL had launched bonds of Rs 500 crore with a green-shoe option of Rs 250 crore BL
-The issue received an over whelming response from the market, being oversubscribed by around five times.

Other stocks and sectors that are in news today:
- Ansal Properties : Promoter Sushil Ansal pledges 2.5 crore shares of Ansal Properties
- Zee Entertainment : Promoter company pledge 12 lakh shares of Zee Entertainment May 25
- Fortis Healthcare : Promoter revoked pledge on 2.96 crore Fortis Healthcare share May 28
- Hotel Leelaventure : Promoter company pledges 1.2 crore shares of Hotel Leelaventure
-RINL IPO deferred by 3 weeks due to volatile market conditions
-PM calls meet on Infrastructure on June 6, 2012
-Promoters of Essar Oil plan to dilute stake in the refinery to increase the liquidity of the company stock on the bourses-ET
- Britannia plans to foray into North America & the UK-BS
-Aviation ministry considering to slap a freeze on allowing more flights from foreign carriers - FE
- Arvind says strike at Naroda road plant
-Railways hike parcel & luggage rates by 25% on all goods with immediate effect
- Jet Airways will be launching a second service between Mumbai and Kuwait from June 8
- Elder Pharmaceuticals has launched ‘Zalain’, a medicine used to treat fungal skin infections, in India in association with Spain-based drug firm Ferrer