Is exemption u/s 54b of i.t act available to company assesse

My client is holding an agriculture land in the name of Private Limited Co.The agriculture land is an urban land and is taxable.My client is planning to sale the agriculture land and want to avail exemption u/s 54B of Income Tax Act  by investing the amount of Capital Gain in another Agriculture Land.My querry is whether my client (Pvt. Ltd Co) is eligible for exemption u/s 54B.Please clarify