# 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).

- Type: Partnership
- Announced: 2022-02-07
- Where: Panagarh, West Bengal, India, India
- Value: $70.0M (5.00B INR)
- Jobs: 250
- Status: announced
- Products: continuous miners, face haulers, roof support carriers, room & pillar equipment
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Gainwell Engineering](https://endata.com/companies/8900.md)
- [Caterpillar](https://endata.com/companies/1968.md) (partner)

## Sources

- [im-mining.com](https://im-mining.com/2022/02/07/indias-gainwell-signs-new-ip-licensing-deal-caterpillar-enabling-produce-medium-high-seam-room-pillar-mining-equipment/), 2022-02-07: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.