Skipper Ltd., (Power and Water) a moat in making?

As of now bullishness and award backlog does seem to be the issue to me. I believe the bottleneck at the moment for next few years is capacity constraint for Skipper. They are at about 85-90% right now and are yet to announce brownfield (takes 7-8 months for operation) and greenfield (takes 2-3 years for operation) strategy.

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