# Gainwell Engineering to build $70M mining equipment plant in Panagarh, India

Gainwell Engineering will establish a $70 million plant on 35 acres in Panagarh, West Bengal, to manufacture underground mining equipment under the Gainwell brand.

- Type: New facility
- Announced: 2022-04-19
- Where: Panagarh, West Bengal, India
- Value: $70.0M
- Jobs: 350
- Starts operating: Q1 2023
- Status: announced
- Products: continuous miners, face haulers, roof support carriers, scoops, multi-utility vehicles, feeder breakers, highwall miners
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

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

## Sources

- [northamericanmining.com](https://northamericanmining.com/index.php/2022/04/19/gainwell-engineering-caterpillar-sign-underground-tech-deal/), 2022-04-19: "We are excited to contribute to a strong industrial manufacturing base in India."
- [theprint.in](https://theprint.in/economy/gainwell-engineering-to-set-up-mining-equipment-mfg-factory-in-bengal/934948/), 2022-04-28: "We already have an order book of about Rs 450 crore, of which half are exports."

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