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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14 India’s economic growth journey huge opportunity for international partners: Kwatra From diesel to daylight: How government solar schemes are powering India’s farmers The next energy leap: Replicating ethanol’s success in diesel Delhi EV Policy: Electric 3-Wheelers Only by 2027, 2-Wheelers by 2028 Windfall levy on export bound diesel, ATF raised India-flagged LPG tanker Jag Vikram crosses Strait of Hormuz after US-Iran ceasefire Muted pricing power, rising costs to curb benefits of demand in cement sector: HDFC Securities Central Railway to run four special local trains for Ambedkar Jayanti Cotton Association revises output estimates for 2025-26 up at 324 lakh bales of 170 kg each Agtech marketing in the age of regional content and creator communities Rajnath Singh, Nitin Gadkari to join 3-day agri event at Shivraj’s home turf, inaugurated today How agripreneurship will drive improved rural livelihoods in India World’s largest tur producer, yet an importer: A self-sufficiency puzzle unfolding on ground Ethanol in diesel generators: India’s next practical step towards energy security How sustainable sourcing can unlock value in India’s agri-value chains West Asia Crisis: Induction cooking may consume 13-27 GW power Govt defers power plant maintenance for three months; ready for summer demand Tractor sales cross 10 lakh mark in FY26 on strong rural demand, GST cut India to continue buying Russian crude oil India’s textile and garments exports to the US declined 28.7% in February 2026 Why India’s ₹5 pack won’t disappear, but getting smaller West Asia conflict: LPG usage at 21-month low in March E-way bill generation surged all time high of over 14 crore in March Cotton prices firm up tracking global prices Corn prices poised to fall on Iran-US ceasefire pact Air India at critical stage of transformation: Tata Sons Chairman FYL91 commences new flights to Hyderabad, Rajahmundry and Vijayawada Telangana’s GST revenue up 15% in last 3 months ASMS launches agri-commerce network AYOU in Hyderabad Ladakh turns to apricot blossoms to stretch short tourism season Govt proposes overhaul of company incorporation rules to cut paperwork, enable risk-based checks HAL delivers 4 helicopters to Coast Guard Charter services operators urge review of ATF pricing Structural gaps affect growth of India’s high-value horticulture sector: Report Rubio set to visit India in May to discuss trade, tariffs, defence, Quad DGFT rolls out procedure for allocation of calcined coke Qatar vows to remain reliable energy supplier to India amid West Asia tensions Gadkari bats for 100% land acquisition before approving NH projects India must rethink West Asia energy reliance after biggest shock in decades, says ONGC chief Sumeet SSG partners Pinnacle Industries to strengthen Maharashtra’s EMS fleet Consumer durables growth muted as demand slows, margins shrink: HDFC Securities March 2026 was the fourth-warmest month on record, says European weather agency India relaxes rice exports norms to some European countries Unseasonal rains damage rabi crops on 2.49 lakh ha, wheat most affected: Agri Minister ADB projects 6.9% growth rate for current fiscal, 70 bps lower than FY26 India-UK FTA likely by May 1; 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Woodfield to ship India’s first LNG marine loading arm from Mumbai
By Avinash Nair · 2026-05-27 · via Economy News, Latest Economic News Today | The HinduBusinessLine

Woodfield Systems, a 103-year-old British engineering company known for manufacturing LNG Marine Loading Arms, is set to ship its first India-made LNG Marine Loading Arm from its facility near Mumbai, marking a significant shift in production of the critical LNG equipment from the UK to India.

The company on Tuesday said it has successfully manufactured India’s first LNG Marine Loading Arm at its Asangaon facility, using the British firm’s design expertise and intellectual property along with Indian manufacturing infrastructure. The equipment, which was earlier manufactured only in the UK, will now be produced in India following the company’s acquisition by an Indian promoter group in 2024.

The first India-manufactured LNG Marine Loading Arm is being shipped to a leading oil and gas company in the Middle East, while a second unit is scheduled for testing by June 10. Woodfield Systems said it expects the India-made LNG Marine Loading Arm business to generate revenues of $20–30 million (around ₹193–290 crore) by FY27. “This is a defining milestone, not just for Woodfield Systems, but for what India is now capable of delivering to the world. For the first time, an LNG Marine Loading Arm has been built entirely in India — designed, engineered and manufactured end-to-end — using the intellectual property and technical heritage of a 103-year-old British pioneering company,” Kartik Gala, CEO and one of the promoters of Woodfield Systems, told the businessline

Woodfield said manufacturing in India offers a 30–40% cost advantage compared to the UK, depending on equipment size, making the shift commercially significant for global competitiveness. LNG Marine Loading Arms are considered highly specialised critical equipment used for transferring liquefied natural gas between shore terminals and LNG carriers. The systems have traditionally been dominated by European manufacturers because of the engineering precision and safety standards involved. 

“Although the customer in the middle-east has been served from the UK earlier, this is the first time they agreed to have this critical equipment manufactured in India. This proves the confidence the customer has in the new-age India manufacturing,” said Gala. Each LNG Marine Loading Arm is estimated to cost between $1.2–1.5 million (around ₹11.6–14.5 crore). The company expects the India-made LNG Marine Loading Arm business to generate revenues of $20–30 million (around ₹193–290 crore) by FY27.

LNG Marine Loading Arms are highly specialised systems used for transfer of liquefied natural gas between shore terminals and LNG carriers. “There are three applications of this arm — ship to ship, shore to ship, or ship to shore,” Gala said.“Because of the costs involved in manufacturing in the UK, the kind of market share that we wanted was not doable. That is why the company decided that even the critical technologies and equipment must be moved to India to start manufacturing,” Gala said.

He added that while the company had earlier manufactured loading systems for chemicals, crude oil, LPG, kerosene, petrol, diesel and aviation turbine fuel, LNG loading arms had so far continued to be imported into India from Europe. “LNG marine loading arms were never manufactured here. This is a huge step. India has always used LNG arms imported from Europe. To date the country imports these arms and we will be the first to start manufacturing them here,” he said. Woodfield Systems said LNG Marine Loading Arms and metering skids are among its key products. Metering skids are used to measure LNG volumes once cargo is unloaded from ships. The company also manufactures modular platforms for ports, oil and gas, chemical and fertiliser sectors.

Woodfield Systems International (WSI) acquired Woodfield Systems UK in 2024. This strategic acquisition allowed WSI to shift manufacturing of marine loading arms to India. The global market size for marine loading arms is estimated at around ₹10,000 crore, with Woodfield Systems currently holding a market share of nearly ₹350–400 crore. The company’s consolidated revenues stand at around ₹280 crore, with LNG Marine Loading Arms expected to contribute nearly 12% of revenues going forward. The Asangaon facility currently houses three plants with a production capacity of nearly 50 loading arms annually across categories, including LNG arms. The company said it has invested close to ₹100 crore in the facility over the last few years and plans further investments of nearly $100 million to expand manufacturing capabilities across sectors.

The company is also in advanced discussions with customers across the Middle East and Far East Asia, regions witnessing strong investments in LNG infrastructure. Manufacturing in India is expected to improve cost competitiveness, delivery timelines and after-market servicing capabilities for customers in these markets.

Published on May 27, 2026