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#106 Manoj Warrier: Jul 06, 2009 21:26:05

'The finance ministry has told ET that there is no benefit for RIL. This will be only applicable for future NELP blocks'

#106 Manoj Warrier: Jul 06, 2009 21:26:05
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Niira Radia:  Hello

Manoj Warrier: HaaN

Niira Radia:  Manu?

Manoj Warrier: Hello

R: Haan Manoj

Manoj Warrier: The finance ministry apparently has told ET that there is no benefit for RIL. It will be only from (not clear)

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….(not clear)

Niira Radia:  Hmm..

Manoj Warrier: (remains silent)

Niira Radia:  to achhi bath hai naa. tumhe to court mai help karegaa

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 — that was done in 2007. That Mineral Oil Bill only being oil and petroleum products not natural gas. They wanted a clarification that it includes natural gas so that the 7 year tax holiday could be availed of. 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?

Manoj Warrier: ha, bola to thaa

Niira Radia:  chori chori..

Manoj Warrier: Ha But I don’t think that anyone is doing 20000 ka story.. to phirse ye udega..20000 ki…50000 crore fix kar denge..

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.

Transcribed by Chitra, checked and filled in by Monica, and then cross-checked by OL

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