# Gainwell to invest Rs 500 crore in coal mining equipment plant in West Bengal

Gainwell Engineering will invest Rs 500 crore to manufacture coal mining equipment under a Caterpillar technology licence at a plant on 35 ares in Panagarh, West Bengal, creating over 250 jobs. The announcement was made on February 7, 2022.

- Type: New facility
- Announced: 2022-02-07
- Where: Panagarh, Paschim Bardhaman district, West Bengal, India
- Value: $67.0M (5.00B INR)
- Jobs: 250
- Status: announced
- Products: coal mining equipment, continuous miners, face haulers, roof support carriers, feeder breakers, spare parts
- 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)
- [Coal India](https://endata.com/companies/8901.md) (customer)

## Sources

- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/gainwell-to-invest-rs-500cr-in-mining-equipment-manufacturing-in-bengal/articleshow/89410732.cms), 2022-02-07: "It will create employment opportunity for more than 250 highly skilled technicians, Gainwell CMD Sunil Kumar Chaturvedi said."

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