Judgement

BALAKRISHNA ERADI, J. :- M/s. Indian Metals and Ferro Alloys Ltd. - the petitioner in Writ Petiton No. 1753 of 1986 and in S.L.P. (C) Nos. 14923-14924 of 1986 is a public limited company incorporated under the Indian Companies Act which is engaged, inter alia, in the manufacture of ferro silicon and silicon metal which are said to be a valuable raw-material used by the Defence establishments in India and also exported out of the country the second petitioner in the aforesaid writ petition and the special leave petitions is the Managing Director of the company. The company has installed three units namely, 11 KV, 33 KV and 132 KV furnaces in which it is manufacturing ferro alloys and silicon metal in a composite industrial complex in a place called Therubali in the State of Orissa. The company has also a subsidiary by name M/s. Indian Metal and Carbide Ltd. engaged in the manufacture of silicon carbide and its factory is also situated in the same industrial complex. All the four units utilise electricity as raw material and they are, therefore, classified as power intensive industrial units- the four units shall hereinafter referred to as "l l KV IMFAL, "33 KV IMFAL" 11 KV