Bilal Khan 777
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Yes you are correct. There was a request letter sent by the GoI. The US government responded with a draft letter of Acceptance. This was accepted in the DAC and the monies cleared for the deal. Now, this would need a release of payment which was to be done now. It was mentioned that both the LoA and payment release will happen this year.
The M777 coming in is a given. The Bharat Forge gun has to go through trials. But, it will be bought too. They needed the army trial ground for the same and that has been provided now, is what I last heard. The Kalyani group, which own Bharat Forge, is quite massive and influential. Not to mention they are the best in India for metallurgy. So, I will not be surprised if you see both the M777 and the ultra light from Bharat Forge coming in.
Okay, so for your information, if LOA from USG is not accepted with the short time remaining in its extension, the M777 offer will be considered abandoned. To restart it may take years, as it will raise the price. However, Pakistan may just jump up and buy them Direct Commercial Contract, and India may continue forward with Kaylani group. I personally feel M777 deal is stalled again. However, lets see if Government of India signs the LOA. They only have a very limited time left till the deal expires.