radiaSRT/srt/57 Manoj Warrier Jun 15 2009 11 31 41.srt

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(Phone ringing)

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Manoj: Hello!
Niira: Manoj!
Manoj: <i>Haan!</i> (Yes).

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Niira: Manoj the thing is that I spoke to MM.
Manoj: <i>Haan!</i> (Yes)
Niira: Its a completely (Unclear)...
Manoj: Sorry?

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Niira: It is a completely one-sided judgement. 
Manoj: Ok.

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Niira: If you see how well they are...They have got themselves organised. They have got Mukul Rohatgi, everybody available for comment. 
Manoj: <i>Haan</i> (Yes).

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Niira: Now the thing is...What I want to know is can we...
Manoj: <i>Haan</i>. (Yes).

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Niira: There are 2 things we can do ...
Manoj: <i>Haan</i> (Yes). Sorry?

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Niira: What are the recommendations we need to give very quickly. One is...this is a...I mean if you look at the price, the price has been determined by the government. There can't be dual pricing.

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Manoj: Yeah!
Niira: Now, who would be the ideal person to say that RIL can't say that? 
Manoj: Yes!

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Niira: Huh?
Manoj: Mohan Parasaran. 
Niira: So that is one recommendation.

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Manoj: No, no but I... <i>Boss is mai kya hai na...</i> (Boss what is here is that...) ...till the final judgement see, Mahesh Jethmalani has claimed that we have won the case.

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Manoj: Now it will be interesting to know whether in the order 2.34 is mentioned. 17 years is mentioned. 20 years MMSCMD is mentioned as a part of the order.

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Niira: It is Manoj.
Manoj: Is it?
Niira: All three parts. Yes.

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Manoj: Ok.
Niira: That is what Raja tells me, that is what MM tells me.
Manoj: Ok!

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Niira: <i>Haan!</i> (Yes)
Manoj: So Mohan Parasaran has to say that we will go against.

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Niira: Has to say what?
Manoj: That see Mohan Parasaran has said that we will calculate the price of gas at 4.2. Whether RIL wants to supply it to RNRL at 2.34 is their prerogative but we will calculate it as 4.2.

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Niira: Right!
Manoj: Yeah?
Niira: But that hurts RIL na? Because they will have to subsidise it.

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Manoj: Yes that is right. They are subsidising it because they had entered into an agreement with RNRL. Family agreement or whatever.

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Niira: That is exactly what the media is carrying na, that it is a loss of 3000 crores to RIL. 
Manoj: Hmm.

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Niira: Because duty and all that will have to be paid by RIL. 
Manoj: Yes.

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Niira: That doesn't help our argument, <i>na</i> Manoj?
Manoj: Yes.
Niira: ... argument is...(Unclear)...
Manoj: Sorry?

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Niira: The only thing that helps our argument is dual pricing. 
Manoj: Yes.

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Niira: The government will have to say that there will not be dual pricing.
Manoj: Yes.

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Niira: Natural gas is a...(Unclear)...of India.
Manoj: Hmm!

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Niira: There cannot be one single set of families that can be deciding...(Unclear)... 
Manoj: Hmm!

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Niira: So that is the sort of argument we can come out today.
Manoj: <i>Teek Hai.</i> (Ok)

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Niira: And pretty early. Can you do me a quick draft mail please.
Manoj: Sure, ok.

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Niira: Or you send it and that is the way we will have to move. The Government will have to...Mohan Prasaran is already speaking. He is only speaking limited to the fact that they will...(Unclear)...

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Manoj: They will? Sorry!
Niira: He is saying that we will have to go to Supreme Court. 
Manoj: Ok.

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Niira: He is saying that RIL and...Mokal Rohatgi of course also has said that he is almost certain that RIL will go to Supreme Court.

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Niira: Manoj Modi is also saying that <i>...Lagtha hai humko Supreme Court jana pedega.</i> (...I thing that we will have to go to the Supreme Court.)
Manoj: Ok.

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Niira: But the thing is that immediately the messaging has to come from C Point. Why is Mohan Prasaran...They are saying that it can be the Finance Ministry that can say that this cannot be a loss to the exchequer.

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Manoj: Hmm.
Niira: So whatever view they want and the court can take a view on their MOU. We don't scrutinise their MOU.
Manoj: Yeah.

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Niira: And we will move to whatever it is to secure one pricing. There cannot be dual pricing...(Unclear)...
Manoj: Yeah.

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Niira: ...(Unclear)...from the government. 
Manoj: Yeah.

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Niira: So can you quickly draft that for me and... So I can quickly send it to Mukesh and MM. 
(Tape ends)