That money for tenders is from Tejas FSED phase 2/3 funds, also Indranil Roy is more reliable than most journos of this country & that includes Nithin gokhale
Indranil Roy is technically strong, whereas Nitin Gokhale is politically strong. Both are reliable, but when it comes to financing aspect of any project, you should go with Nitin Gokhale. As per my last post, you could see how our media reports. NG was right when he pointed out that IAF already committed on 6 sqds of Mk2 back in 2018. But our esteemed youtubers and twitteratis think that its their online backlash which has forced ACM to give clarification on Mk2 procurement.
Now coming to Mk2 funding, when you are concerned with any PSU, you would know some things about how financing works.
Lets assume GoI has provided you fund of Rs100 for Project X. You have invested Rs 60 in the project and have a surplus of Rs40 with you. Now it depends on you how you could go with spending that 40rs. But if you can't spend it or is not allowed to spend it, you have to return that money back to Government. This was a norm and because of it we have seen in past how our projects always gets stalled for finance.
But there is another way to spend this balance money. DF of the organization could reroute the money to another project with CMD approval. CMD would approach GoI with a project report to approve investment of the balance amount from first project into second project. Now it depends on government to either give go ahead or stall the project. In past we have seen that whenever any DPSU or even PSU had tried doing this, a lot of audit had been setup over it.
Off-late we have seen that HAL had gone ahead with this approach. But the catch in such a strategy is that officially government is not releasing fund for that project, instead they have given go ahead to reroute money from another project into it. Developer would have to present a reworked financial report on the project for further funding. So technically government is funding the project indirectly, but on paper developer is investing on project from his share.