Radia Tapes: 105 - Radia, Manoj Warrier

Duration: 00:06:11; Aspect Ratio: 1.250:1; Lightness: 0.038; Volume: 0.132; Cuts per Minute: 3.070; Words per Minute: 154.931

The Power Tapes on Outlook India

(Phone Ringing)

Nira: Hello!
Manoj: Boss ye jo 81A ka clarification aaya hai usme kuch clarity nahi hai ke... ( This clarification which has come for 81A has no clarity...) ...whether it is applicable to us or not.

Nira: I just spoke to MDA.
Manoj: Hmm! Kya bola? (What did he say?)
MDA - Mukesh Dhirubhai Ambani

Nira: I didn't ask him this. 81A is it?
Manoj: Haan! (Yes!)
Nira: It is called 81A right?

Manoj: 81B sorry, not 81A. 81B.

Nira: Ehh... Sorry veri? Venket ...(Laughs)... I get it wrong again. Venket sorry very quickly MDA again please. Haa! 81B right.

MAT - Minimum Alternate Tax
Manoj: Yaa and whether net-net is it a positive thing for us because MAT has gone up by 16 ... by 5% and if this is applicable to us.

Nira (to Mukesh): Sorry to disturb you. Just put down this note about 20 thousand crore benefit today on the 81B...
Manoj: No, no, pipelines...

Nira (to MDA): We have said there is ambiguity so we have tried to maintain that.

Nira (to MDA): There is no benefit na?

Nira (to MDA): Ok I'll maintain that.

Nira (to MDA): Ya. ...Hmm.

Nira (to MDA): Ok. Ok. Haa! But... Ehuh!

NIra (to MDA): Hmm! Hmm!

Nira (to MDA): But shall I go as an official statement?

Nira (to MDA): Hmm! I shouldn't no? You see I'd have to say that sources close to...Sources say that you know. Hmm!

Nira (to MDA): Yaa ok. Hmm! Hmm! Hmm! Ok, ok.
(hangs up MDA call)

Nira: Manoj there is still ambiguity. We don't know. It has no benefit he says actually but we should make the statement.

Nira: So what you should actually say is that this is how offline... sources close to R- Not RIL but sources close to the power - to the sector...

Nira: ...say that this is how our business rivals are trying to take away legitimate gains that could have come into the E&P sector.
E&P sector - Exploration and Production Sector

Nira: Likewise in the power sector there are 50000 crores by giving them a two year tax holiday.
Manoj: Hmm!

Nira: 15000... 50000 crore benefit to the power companies.
Manoj: Ok!

Nira: Hmm!
Manoj: Ok!

Nira: Isko word karke tum kar sakte ho teek se? ( Can you word this and do it properly?)

Manoj: Dekhta hu. (I'll see.)

Nira: Vo ke reha hai ke benefit abi humne abi calculate nahi keya kuki clarity nahi hai. ( He is saying that we have not yet calculated the benefit because there is no clarity.)
Manoj: Hmm!

Nira: So we don't know whether there is actually going to be any benefit to us in the first place.
Manoj: Hmm!

Nira: So instead of us saying that there is no benefit to us...
Manoj: Hmm!

Nira: You should say that sources say that there is no benefit to us.
Manoj: Hmm!

Nira: And how you know business rivals have worked to... But not saying RIL.
Manoj: Hmm!

Nira: Kaun tuje chase kar reha hai, ET? (Who is chasing you, ET?)
Manoj: Hmm!

Nira: Hmm! Mujebe ET chase kar reha hai. ( ET is chasing me also.)

Manoj: Hmm! Nahi plus vo Navin vagera ka phone aaya... (No plus that Navin etc.'s phone had come.)
Nira: Hmm?

Manoj: 20000 is actually on that pipeline. They have allowed 100% depreciation.
Nira: Hmm!

Manoj: That to we are handling, ke... (that...) ... depreciation will come only when you have 20000 worth of gross revenue.

Nira: Hmm!
Manoj: Vaisa fira rehai hai ke ek sal me ye sab... koi operator aisa nahi hai jo productization claim kar lega. ( They are spreading that in one year, there is no operator who will claim productization.)

Nira: Hmm!
Manoj: You know, it will basically find liabilities which is very high then I will claim depreciation.

Nira: Now usko vo hi bol do... ( Now tell him that only that...) power sector has got 50000 crores.

Manoj: 50000 crores na?
Nira: Hmm!

Manoj: Teek hai. (Ok.) ok.

Nira: So he gets 50000 crores of benefit. Although... vo nahi hai, tho be tu faik de na 50000 crores. ( It is not that but you still lie that it is 50000 crores.)

Manoj: Haan two years ka holiday mila na unko? ( Yes, two years holiday they got, haven't they?)

Nira:Hmm! Two years holiday. Ok listen... Raghav ko kya liku mai ke... ( What do I write to Raghav that...) ... MM is coming into... I am sending him an email because he is not answering my phone.

Manoj: Hmm!
Nira: Maybe he is tied up. That MM and I would like to come to your office.

Manoj: Hmm!
Nira: To present the... To give you a perspective on what has been happening in this recent matter.

Manoj: Yaa!
Nira: And has asked me to seek time with you for Wednesday.
Manoj: Yaa!

Nira: Eisa karke haa! ( Like that ok!)
Manoj: Teek hai! (Ok!)
Nira: Eisa kar du ? ( Should I do it like that?)
Manoj: Hmm!

Nira: Best no... Dono... (Both...) ... to Raghav. Because I am putting it on mail which is why otherwise because I have been trying to reach him on the phone but he is not answering.

Manoj: Haan teek hai. Eisa math dalo na (Yes ok. Don't put it like this.) MM is in town and just wanted to come across and discuss some...

Nira: No but I want to tell him na that incase he has got people he wants to meet na.
Manoj: Haa! Discuss some of the developments.

Nira: Hmm!
Manoj: Related to the gas supplies.

Nira: Hmm! Ok but I don't want to put that on record na Manoj because it is a subjudice matter.

Manoj: Tho gas supply tho hum log sare operators ko de rehai hai vegera 40 MMSCMD ho gaya. ( Gas supply we are giving to all the operators etc. 40 MMSCMD has become.)

Nira: I'll try and reach him again ok. Let me try and reach him again.

Manoj: Or just say that MM is in town and we just wanted to drop in and discuss some of the recent developments so it would be nice if you could...

Nira: Hmm! Theek hai. (Ok.)
(Tape Ends.)

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