JANARTHANAM
K. M. L. Narasimhan, Larsen and Toubro Limited and Another – Appellant
Versus
Union of India and Another – Respondent
Larson and Toubro Limited, ECC Construction Group (for short 'company') is having its Principal Office at Manapakkam, Madras-600 089 while its Registered Office is at 'L and T House'. Ballard Estate Bombay. The Principal Office of the Company, it is said, looks after the construction work, such as bridges, stadia, airports etc., in India and abroad. The company, among other workshops and units, is stated to have an approved workshop within KFTZ (viz. Kandla Free Trade Zone) in Gujarat State, functioning under the control of the Madras Office.
2. The Indian Engineering Industry, in recent times, it is said, has made rapid progress and has been in a position to secure valuable foreign contracts. The Principal raw material required by the industry is steel. Although Steel Industry is a key industry in Indian economy, the price of indigenous steel is much higher than the price of steel in the international market. The JPC (viz. Joint Plan Committee). It is said, announced a substantial increase in the price of pig iron and steel on 9-2-1981. As a result the domestic price of steel became much higher than the international price of steel, at which competitors of Indian produc
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