radiaSRT/srt/106 Manoj Warrier Jul 06 2009 21 26 05.srt

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Phone Rings (Pal, pal, har pal)

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Niira Radia: Hello
Manoj Warrier: <i>Haan</i>

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Niira Radia: Manu?
Manoj Warrier: Hello
Niira Radia: <i>Haan</i> Manoj

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Manoj Warrier: The finance ministry apparently has told ET that there is no benefit for RIL. It will be only from...
Niira Radia: <i>Haan</i>?

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Manoj Warrier: The finance ministry has told ET that there is no benefit for RIL. This will be only applicable for future NELP blocks.
[Silence for some time.]

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Niira Radia: So?
Manoj Warrier: So, <i>kuch nahin</i> (Nothing)... it will not help...
Niira Radia: Hmm..

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Manoj Warrier: (remains silent)
Niira Radia: <i>To achhi baat hai naa. Tumhe toh court mai help karega</i> (So its good. It will help you in court)

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Manoj Warrier: Haan
Niira Radia: to unka 20000 crore argument will get thrown out, na?

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Manoj Warrier: No, that 20000 was for the pipe line..it was not for the (stops)

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(speaks on another call?)
Niira Radia: Venkat?
Niira Radia: Venkat, MDA is there?
Niira Radia: Call me back, please..ok..thanks..fine
(phone call gets cut off)

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Niira Radia: Haan..kya?
Manoj Warrier: No, 20,000 was for the pipe line.

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Niira Radia: <i>Haan</i>, but pipeline is what? Separate, is it?
Manoj Warrier: Yeah, Yeah, separate.

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Niira Radia: So what is this for 80, 80, 81 B?
Manoj Warrier: Ya. Do you remember that story had come about mineral oil and the definition of mineral oil, it did not include natural gas

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Manoj Warrier: That was done in 2007. That Mineral Oil Bill only being oil and petroleum products not natural gas.

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Manoj Warrier: They wanted a clarification that it includes natural gas so that the 7 year tax holiday could be availed of.

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Manoj Warrier: But apparently ministry now has told ET that it is not — RIL will not get any benefit– it will be from the future NELP blocks, that is NELP 8.

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Niira Radia: Who has told, finance ministry or finance minister?
Manoj Warrier: Finance Ministry (with stress)
Niira Radia: Ministry (with stress)
Manoj Warrier: Yeah

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Niira Radia: Aha...(pauses) So such news is good for you right now, na?
Manoj Warrier: (silent)
Niira Radia: <i>Tumne bola paanch sector ka 50,000 crore benefit milegaa?</i> (You said a profit of 50,000 crores will be gotten from 5 sectors)

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Manoj Warrier: <i>Ha, bola to thaa</i> (Ya I did say that)
Niira Radia: <i>Chori chori..</i> (Stealthily..)

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Manoj Warrier: Ha But I don't think that anyone is doing 20000 story.. <i>to phirse ye udega..20000 ki...50000 crore fix kar denge..</i> (Then this will fly again, that 50,000 will get fixed)

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Niira Radia: <i>Nahin</i>, are they doing the story that Reliance will not get any benefit?
Manoj Warrier: Sorry?

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Niira Radia: Are they doing the story that Reliance will not get any benefit?
Manoj Warrier: <i>Haan</i>, currently they are doing that story

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Niira Radia: So what they are saying that it is not in a prospective basis ..not.. it is only valid from future NELPs
Manoj Warrier: NELP-8 NELP- 8

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Niira Radia: <i>Haan</i>?
Manoj Warrier: It will be applicable from NELP-8

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Niira Radia: NELP-8
Manoj Warrier: Yeah
Niira Radia: Ok.