India-based mining equipment supplier Gainwell Engineering has signed an underground technology licensing agreement deal with Caterpillar, as part of the former company's plans to build a manufacturing headquarters in Kolkata.
Gainwell Engineering said the deal enables it to manufacture medium and high seam underground room and pillar equipment, to target India's coal industry.
The agreement also means Gainwell Engineering will supply after-market spare parts and render service support to Caterpillar's existing room and pillar equipment and highwall miners, according to the statement.
Gainwell will use the Caterpillar underground technology at a plant it plans to build in Kolkata with an investment of 5 billion rupees (US$67 million) in Panagarh, West Bengal.
