292 lines
9.6 KiB
Plaintext
292 lines
9.6 KiB
Plaintext
1
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00:00:04,831 --> 00:00:10,208
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(Phone Ringing)
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2
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00:00:10,463 --> 00:00:13,024
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Niira: You see Manoj.
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Manoj: Hmm!
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3
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00:00:13,024 --> 00:00:20,704
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Niira: Ashu has given a very interesting argument. He was on air with Latha Just now. Ofcourse Sajid gets it completely wrong and I am sure he is completely bought out, right?
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4
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00:00:20,704 --> 00:00:24,031
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Manoj: Hmm!
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Niira: The thing is that he has raised an argument. He has raised three points.
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5
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00:00:24,031 --> 00:00:30,431
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Niira: You see, he's raised...First he is coming at it from the point of view that listen, my God. You may have...He is coming at the same price of dual pricing.
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6
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00:00:30,431 --> 00:00:35,040
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Manoj: Hmm.
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Niira: He is saying that this is a natural resource, all that. He is saying all that right?
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7
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00:00:35,040 --> 00:00:38,112
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Manoj: Hmm.
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Niira: The second point he is saying, I am a regulator. You're at a cost-plus.
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8
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00:00:38,112 --> 00:00:45,024
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Manoj: Hmm.
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Niira: You have multiple companies where you are saying I have RNRL. RNRL will supply to XY. XY has an RINFRA, INFRA has got this. You know?
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9
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00:00:45,024 --> 00:00:48,352
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Manoj: Hmm.
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Niira: And therefore you have... Where is your offtake?
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10
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00:00:48,352 --> 00:00:53,472
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Manoj: Hmm.
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Niira: There is a cost-plus formula which exists as far as regulators is concerned. Are you really benefiting by this?
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11
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00:00:53,472 --> 00:01:01,152
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Manoj: Hmm.
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Niira: If your saying I am charging a 2.3 therefore you will have a cost-plus formula as far as the consumer is concerned. You cannot make hefty profits, no?
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12
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00:01:01,152 --> 00:01:07,807
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Manoj: Hmm.
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Niira: You'll pass that back to the consumer. That's the second thing. Then he says the third point, where are your... Where are your power plants?
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13
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00:01:07,807 --> 00:01:15,487
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Niira: You tell me where are your power plants. If RIL tomorrow says, ok, I am producing this...From tomorrow I am giving it to you.
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14
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00:01:15,487 --> 00:01:17,536
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Manoj: Hmm.
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Niira: Where are you going to put it?
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15
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00:01:17,536 --> 00:01:19,840
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Manoj: Hmm!
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Niira: You are not allowed to trade.
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16
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00:01:19,840 --> 00:01:28,288
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Manoj: Hmm!
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Niira: That is the third point. The fourth point he's...he's come out with is that if I am a share holder of RIL, I am going to say why -
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17
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00:01:28,288 --> 00:01:34,176
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Niira: - I mean he is going to go back to the government and say that look my share holders are saying if I have to give this and it is going to make me lose so much money...
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18
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00:01:34,176 --> 00:01:38,527
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Niira: Given that the government has set the price of 4.2, why should I subsidise something like this?
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19
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00:01:38,527 --> 00:01:41,088
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Manoj: Hmm!
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Niira: I am an operator. I don't own this gas.
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20
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00:01:41,088 --> 00:01:47,744
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Manoj: Hmm!
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Niira: You know I have spent seven billion dollars in doing this. I don't want to do it. You give me my money back plus damages.
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21
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00:01:47,744 --> 00:01:55,680
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Manoj: Hmm.
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Niira: He says that the government will be forced to take a corrective. So he says you know, lets not wade into this I think the High Court has just not understood it.
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22
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00:01:55,680 --> 00:02:01,568
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Manoj: Hmm!
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Niira: Has gone into a completely different argument but the perspective is right <i>na</i>?
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23
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00:02:01,568 --> 00:02:04,896
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Manoj: Hmm!
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Niira: He is coming at it... He is saying where are you going to put the gas. Please tell me.
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24
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00:02:04,896 --> 00:02:14,879
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Manoj: Hmm!
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Niira: <i> Ye CNBC me abi aa reha hai.</i> (This is coming on CNBC now.) <i> Sajid ko usme... Ek question me usko bola.</i> (He told Sajid in one question.)
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25
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00:02:14,879 --> 00:02:21,791
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Niira: Sajid, what is the current pricing worldwide? Sajid, what is it that your... Please tell me Sajid. Sajid said well right now it is about $6.
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26
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00:02:21,791 --> 00:02:24,863
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Manoj: Hmm!
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Niira: So he says then fine.
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27
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00:02:24,863 --> 00:02:31,263
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Manoj: Hmm!
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Niira: Your telling me that just because two brothers get into an argument, India should be deprived of this?
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28
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00:02:31,263 --> 00:02:34,591
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Manoj: Hmm!
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Niira: <i> Usne ye agrument deya. Ashu ne Lata ne </i> (Ashu and Lata both gave this argument.)
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29
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00:02:34,591 --> 00:02:42,271
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Manoj: Hmm!
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Niira: I still think that there is scope for you to brief informally on these three four points very critically.
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30
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00:02:42,271 --> 00:02:47,136
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Niira: <i> Ke thumara regulator ka ek cost-plus formula hota hai.</i> (That your regulator has a cost-plus formula.)
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31
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00:02:47,136 --> 00:02:54,559
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Niira: I don't know how the power thing works but what he is saying is...Therefore the benefit will have to go consumer.
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32
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00:02:54,559 --> 00:03:03,776
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Manoj: Hmm! <i> Teek hai. </i> (Ok.)
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Niira: So there are two points to this. One point is...You know, can there be dual pricing?
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33
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00:03:03,776 --> 00:03:11,967
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Manoj: Hmm!
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Niira: To which I as a share holder, why should I pay out of my pocket for something that the government needs to decide on. I am only an operator of this.
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34
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00:03:11,967 --> 00:03:17,855
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Manoj: Hmm!
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Niira: And thirdly if you want to open up the pricing, then open up completely.
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35
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00:03:17,855 --> 00:03:25,535
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Manoj: Hmm!
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Niira: <i> Kya hua? </i> (What happened?)
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Manoj: <i> Haan, teek hai. </i> (Ok.)
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36
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00:03:25,535 --> 00:03:31,423
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Niira: <i> Kya hua? </i> (What happened?)
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Manoj: <i> Nahi, nahi.</i> (Nothing.)
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Niira: What happened?
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Manoj: Nothing, nothing.
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37
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00:03:31,423 --> 00:03:38,847
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Niira: <i> Acha Manoj, humne pehele ye jo unhone Friday - Monday ke leye bolata tho humne pro and cons kal he banaya tha ke kya hoga?</i> (Ok Manoj, what they had said for Friday - Monday... Have we made the pro and cons yesterday about what will happen?)
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38
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00:03:38,847 --> 00:03:44,991
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Manoj: <i> Nahi vo tho ready hai boss.</i> (No that is already ready.) <i> Ye sab arguments jo aap jo bol rehe hai vohi hum log abi kar rehe hai. </i> (These arguments that you are telling me we are already doing that.)
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39
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00:03:44,991 --> 00:03:49,599
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Niira: <i> Nahi, nahi. Hum ne decide nahi keya tha ke agar...</i> (No,no. We had not decide that... ) ... if we win what the scenario will be.
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40
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00:03:49,599 --> 00:03:56,000
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Niira: What should our position be and if we lose what our position will be.
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Manoj: See, we never expected a one-sided judgement no?
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41
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00:03:58,047 --> 00:04:06,239
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Manoj: We were always firm that it will be a 50-50 type of decision and depending on what the written judgement is we will decide on our second course of action.
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42
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00:04:06,239 --> 00:04:09,311
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Niira: Haa, but listen, I don't understand what you guys are doing at court.
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43
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00:04:09,311 --> 00:04:15,967
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Manoj: We are feeding in these things only. The dual pricing. The fact that where is the power plant for them to take the gas.
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44
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00:04:15,967 --> 00:04:21,600
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Niira: Haa!
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Manoj: We are feeding these thoughts in the minds of the journalists. So we will leave now.
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45
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00:04:21,600 --> 00:04:32,351
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Niira: No but listen. I do think that this...
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Manoj: We are putting enough doubt in the minds of the journalists to not say... (Inaudible).
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46
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00:04:32,351 --> 00:04:42,335
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Niira: Haa!
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Manoj: ... This judgement is no different from the single judge judgement and that therefore the unit is status quo. And we continue to supply gas.
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47
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00:04:42,335 --> 00:04:48,479
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Niira: Haa! Where will you put the gas <i>na</i>? He's not allowed to trade, is he?
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48
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00:04:48,479 --> 00:04:52,575
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Manoj: Yeah! Yeah! So that is what we are feeding into the minds of the journalist. That's it.
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49
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00:04:52,575 --> 00:04:58,463
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Niira: The other thing Manoj, very critical, when does the 17 years start from?
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Manoj: Haa! One doesn't know.
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50
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00:04:58,463 --> 00:05:04,608
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Niira: Haa! So when the 17 years is starting from tomorrow, so then...<i> tho nahi ho sakta hai na? </i> (... it can't happen, can it?)
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51
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00:05:04,608 --> 00:05:12,031
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Manoj: Hmm!
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Niira: He is on his case that about we will get 12 MMSCDS...MMSCMD's.
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52
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00:05:12,031 --> 00:05:20,223
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Niira: if NTPC forgoes the gas from RIL. <i>Vo tho 12 plus 28 ke bath kar reha hai.</i> (He is talking about 12 plus 28.) So where is he going to put it?
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53
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00:05:20,223 --> 00:05:26,111
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Manoj: <i>Nahi, nahi, abi tho vo bol reha hai ke...</i> ( No, no, now he is saying that...) 40% of all gas reserves is ours. That is his later statement.
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54
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00:05:26,111 --> 00:05:28,671
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Niira: Haa...
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Manoj: Mukul Rohatgi has mentioned that.
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Niira: Haa...
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55
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00:05:28,671 --> 00:05:32,000
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Manoj: That the MOU says that 40% of all gas reserves is mine.
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56
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00:05:32,000 --> 00:05:41,471
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Niira: Haa. So we will have to men... We will have to give this messaging. I hope somebody is at the office copying what the messaging is <i>na</i>?
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57
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00:05:41,471 --> 00:05:46,335
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Manoj: Yeah, yeah! They are messaging. They are sending updates every time.
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58
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00:05:46,335 --> 00:05:51,199
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Niira: No, no can you just make sure the updates are going to the client? He needs to know what they are saying <i>na</i>?
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59
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00:05:51,199 --> 00:05:53,759
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Manoj: <i>Theek hai.</i> (Ok.)
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Niira: You and I don't need to know this.
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60
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00:05:53,759 --> 00:06:03,743
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Manoj: <i> Raja ko bhej detahu. </i> (I will send it to Raja.)
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Niira: No Raja, MM... I think quickly do a quick mail that these are the following statements that have been made by the other side.
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61
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00:06:03,743 --> 00:06:08,367
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Manoj: <i>Theek hai.</i> (Ok.)
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Niira: And you can talk about this as the counter argument that is coming in.
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62
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00:06:08,367 --> 00:06:10,189
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Manoj: Ok.
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Niira: You know please advice what do we go with, you know?
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(Tape ends.)
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