Gas incl prospective- FM-20090706-212605 (please crosscheck)

  • Gas incl prospective- FM-20090706-212605 

Chitra has transcribed this tape in a comment below. Please crosscheck.

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4 Responses to “Gas incl prospective- FM-20090706-212605 (please crosscheck)”


  1. 1 chitra November 26, 2010 at 4:25 pm

    (Phone rings)…Pal Pal Pal Har pal…Dil Dil..
    Radia: Hello
    Manoj: Ha..
    Radia: Manu?
    Manoj: Hello
    R: Ha Manoj
    Manoj: The finance ministry apparently has told ET that there is no benefit for RIL. It will be only from (not clear)
    Radia: Ha?
    Manoj: 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.
    Radia: So?
    Manoj: So, Kutch nahi….(not clear)
    Radia: Hmm..
    Manoj: (remains silent)
    Radia: Tho achi bath hai na. Thumhe tho court mai help karega.
    Manoj: Haa..
    Radia: tho unka 20000 crore argument will get thrown out, na?
    Manoj: No, that 20000 was for the pipe line..it was not for the(stops)
    (another call comes in
    Radia: Venkat?
    Radia: Venkat, MD is there?
    Radia: Call me back, please..ok..thanks..fine
    phone call gets cut off)
    Radia: Ha..kya?
    Manoj: No, 20,000 was for the pipe line.
    Radia: Ha, but pipeline is what? separate, is it?
    Manoj: Yeah, Yeah, separate.
    Radia: So what is this for eighty eighty 81 V?
    Manoj: Yeah.Do you remember that story of…….(not clear) mineral oil after the …….(not clear) of mineral oil..do not include natural gas? (From 1.18 to 1.25 minutes)
    Radia: mm..
    Manoj: That was done in 2007.
    Radia: mm..
    Manoj: That Mineral oil bill only being oil and petroleum products not natural gas
    Radia: mm..
    Manoj:They wanted a clarification that it includes natural gas so that the 7 year tax holiday could be availed off.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 or is NELP -8
    Radia: Who has told, finance ministry or finance minister?
    Manoj: Finance Ministry (with stress)
    Radia: Ministry (with stress)
    Manoj: Yeah
    Radia: Aha…(pauses) So such news is good for you right now, na?
    Manoj: (silent)
    Radia: thumne bola panch sector ka 50,000 crore benefit milega?
    Manoj: ha, bola tho dha
    Radia: chori chori..
    Manoj: Ha But I don’t think that anyone is doing 20000 ka story..tho phirse ye udega..20000 ki…50000 crore fix kar denge..
    Radia: Nahi, are they doing the story that Reliance will not get any benefit?
    Manoj: Sorry?
    Radia: Are they doing the story that Reliance will not get any benefit?
    Manoj: Ha, currently they are doing that story
    Radia: So what they are saying that it is not in a prospective basis ..not.. it is only valid from future NELPs
    Manoj: NELP-8 NELP – 8
    Radia: Ha?
    Manoj: It will be applicable from NELP – 8
    Radia: NELP – 8
    Manoj: Yeah
    Radia: Ok.

  2. 3 Monica November 27, 2010 at 6:59 am

    Cross-checked. It’s fine except for minor things in the following bit:

    Manoj: 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.


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