I'm glad you asked. OTOH HAL is facing a competition for NUH & UHM where it's more than likely half the order will be awarded to a JV of an F-OEM with a local partner under MII & OTOH HAL is expected to develop the next gen hptrs using in house funds where there's neither a CCS sanction nor any assurance of receiving the order.
All this , when the new draft DPP (?) proposes splitting the cost of development between the MoD / GoI & the DcPP. So where're the MoD's share of development funds ?
Moreover HAL is now a publicly listed company . If some activist shareholder raises questions on the reason HAL is funding such development with no assurance of an order or a CCS clearance & HAL doesn't have answers , said activist could in theory drag HAL to SEBI presenting a major embarassment for both MoD & GoI .
@suryakiran
It's another matter that HAL enjoys no AUTONOMY whatsoever ,unlike what novices here think with little or no experience of Corporate Culture on how top management thinks whatsoever , wherein one call from the Defence Secretary will see the MD of HAL get up from his cosy chair & stand in attention while attending the call duly complying with all the instructions received.
That's exactly what's happening here.