"The first petitioner is a public Limited Company registered under the provisions of the Companies Act, 1956 a-nd engaged in manufacture and sale of Cold Rolled Steel Strips and Box Strappings. It is the absolute owner and possessor of industrial land of an extent of Ac.13.70 cents situated in Survey No.367/1 in Moulali, Industrial Area, Hyderabad. The said land was initially allotted by the Govemment in lgTO for fhs prrppesg of establishing the manufacturing unit under the Agreement, dated 13.04.1970. Subsequentl],, the Government through its nodal agenc-v, Andhra Pradesh lndustrial Inlrastructure Corporation Limited (APIIC), executed a sale deed on Ol.l1,1974 under document No.2540 of lg74. Since the said land fell within the Hyderabad Urban Agglomeration, the first petitioner su bmitted an application 03oe.Ie76 seekins exempti":,j::. f ;::::r:1':: ;: Urban l-an.l {Ceiiing and Regularion) Act. 1976 (.the Act,, for bre vit_t J The Go,,ernment is orders in G o Ms.No.67r, Revenue Department, 0",.0 ,"'"o conrerred under clause,., ":lr'.:"::::i, ;:::iliff; the Act exempting the lanr t admeasuring 4o'o0o square merers in survey No.367/ 1 the provisions of the Act A compound wall w-as "o.r",",'o d at the time of initiat purchase itsetf ancl ,". ;";";;r, )ner has been running the manufacturing unit.