Gainwell Engineering signs IP licensing deal with Caterpillar for mining equipment

Gainwell Engineering entered into a technology licensing agreement with Caterpillar to manufacture medium and high seam underground room & pillar mining equipment, and will set up a new plant in Panagarh, West Bengal, India with an investment of ~Rs 500 Crores (US$70 million).

“India’s Gainwell Engineering Private Ltd has announced a new expansion of its mining equipment manufacturing operations by entering into a technology licensing agreement for underground mining equipment with Caterpillar.”im-mining.com

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• im-mining.comIndia's Gainwell signs new IP licensing deal with Caterpillar enabling it to produce medium & high seam room & pillar mining equipment - International MiningPaul MooreFeb 7, 2022

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