PVR is reportedly looking to double its screen count in the next three years to reach 1,000 screens. PVR, which launched a 15-screen property in Noida on March 27, now has 516 screens under its belt.
Leading multiplex player is planning to add 70-80 screens per year organically. The per screen cost is around Rs 2-2.5 crore, so the company will not need to raise money to fund organic growth, its internal accrual will take care of that.
PVR is the largest and the most premium film and retail entertainment company in India. The company is engaged in the business of film exhibition. The company operates other business such as providing content, film distribution and Entertainment Park through its subsidiaries. Currently, the company has achieved the status of being India’s largest cinema chain.
