Gainwell Engineering will invest Rs 500 crore to manufacture coal mining equipment. The company, recently entered into a technology licensing agreement with Caterpillar.
Gainwell is setting up its plant on a 35 acre land at Panagarh in Paschim Bardhaman district of West Bengal. The company will also manufacture select models of continuous miners, face haulers, roof support carriers, scoops/multi utility vehicles and feeder breakers.
As a part of the agreement, Gainwell Engineering will also supply after-market spare parts and render service support to the existing active population of licensed Caterpillar room & pillar equipment and highwall miner.