Orissa Manganese and Minerals (OMM), a subsidiary of Adhunik Metaliks plans to raise Rs 250-300 crore through a public issue later this year to fund its mining plans.

Oslo - Swiss-based Stadler Rail Group was selected Tuesday to deliver new regional trains worth 4 billion kroner (739 million dollars), Norwegian train operator NSB said.

"This is NSB's largest single contract to date and a historic deal," NSB chief executive Einar Enger said in a statement.

The Norwegian train operator was to buy 50 trains consisting of five cars each from the Swiss group, and had an option for a further 100 trains known as Flirt (Fast, Light, Innovative, Regional Train).