May 2010
News    |   New Media    Advertising   |   Communications   |   Films   |  Events
 

PVR setting up 60 multiplex screens


Chennai: PVR Ltd, a retail entertainment company, has earmarked around Rs 120 crore for setting up 60 multiplex screens across the country, said Amitabh Vardhan, chief executive officer, PVR Cinemas, who was here on Thursday to launch a multiplex.

Of this, 14 are already operational and the remaining will be opened by the end of this fiscal. The company currently has around 127 screens. The proposed expansion will be funded through debt and equity, said Vardhan while declining to comment on the equity portion and further plans.

The company has invested Rs 14 crore in the new seven-screen multiplex, which has a seating capacity of 1,850.

South India is an important market for the company, said Vardhan. The company is planning to invest around Rs 50 crore in the next 18 months in the south.



 
  Home
  Newsroom
  Online edition
  News analysis
 
  Opinion – All Opinion
  • Letters to the editor
  • Corresspondents Diary
  • Debates
 
  World Politics - World   This Week
  Special Report
  
  Business- This Week
  • Leadership and Change
  • Executive Education
  • Marketing & Innovation
  • Strategic Management
  • Politics and Public Policy
  • Human Resources
  • Business Ethics
  • Innovation and Entrepreneurship
 
  Special Sections
  Books & Art
  City Briefings
  
  
 
Privacy Policy | Terms & Conditions | Subscribe
Copyright © Conversations Online 2010. All rights reserved.
SPONSORS FEATURE
About Sponsorship :
Selected sponsors provide financial support for parts of Conversationsonline.org in return for the display of their name, logo and links to their site(s) on those sections. Conversationsonline retains full editorial control, giving no sponsor any influence whatsoever over any content, including choice of topics, the views expressed, or the style of presentation of any content.