Phone Rings (Pal, pal, har pal)
Niira Radia: Hello Manoj Warrier: Haan
Niira Radia: Manu? Manoj Warrier: Hello Niira Radia: Haan Manoj
Manoj Warrier: The finance ministry apparently has told ET that there is no benefit for RIL. It will be only from... Niira Radia: Haan?
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.]
Niira Radia: So? Manoj Warrier: So, kutch nahii (Nothing)....(not clear) Niira Radia: Hmm..
Manoj Warrier: (remains silent) Niira Radia: To achhi bath hai naa. Tumhe to court mai help karegaa (So its good. It will help you in court)
Manoj Warrier: Haan Niira Radia: to unka 20000 crore argument will get thrown out, na?
Manoj Warrier: No, that 20000 was for the pipe line..it was not for the (stops)
(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)
Niira Radia: Haan..kya? Manoj Warrier: No, 20,000 was for the pipe line.
Niira Radia: Haan, but pipeline is what? Separate, is it? Manoj Warrier: Yeah, Yeah, separate.
Niira Radia: So what is this for 80, 80, 81 V? Manoj Warrier: Ya. Do you remember that story had come about mineral oil and the definition of mineral oil — did not include natural gas
Manoj Warrier: That was done in 2007. That Mineral Oil Bill only being oil and petroleum products not natural gas.
Manoj Warrier: They wanted a clarification that it includes natural gas so that the 7 year tax holiday could be availed of.
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.
Niira Radia: Who has told, finance ministry or finance minister? Manoj Warrier: Finance Ministry (with stress) Niira Radia: Ministry (with stress) Manoj Warrier: Yeah
Niira Radia: Aha...(pauses) So such news is good for you right now, na? Manoj Warrier: (silent) Niira Radia: Tumne bola paanch sector ka 50,000 crore benefit milegaa? (You said a profit of 50,000 crores will be gotten from 5 sectors)
Manoj Warrier: Ha, bola to thaa (Ya I did say that) Niira Radia: Chori chori.. (Stealthily..)
Manoj Warrier: Ha But I don’t think that anyone is doing 20000 story.. to phirse ye udega..20000 ki...50000 crore fix kar denge.. (Then this will fly again, that 50,000 will get fixed)
Niira Radia: Nahi, are they doing the story that Reliance will not get any benefit? Manoj Warrier: Sorry?
Niira Radia: Are they doing the story that Reliance will not get any benefit? Manoj Warrier: Haan, currently they are doing that story
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
Niira Radia: Haan? Manoj Warrier: It will be applicable from NELP-8
Niira Radia: NELP-8 Manoj Warrier: Yeah Niira Radia: Ok.