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PVR to invest Rs 60 crore to open 15 extra-large screens by FY19

20 Sep 2017 Evaluate

In a bid to add up to 15 screens under its new premier sub-brand P[XL] by FY 2018-19, PVR is planning to spend around Rs 60 crore. The Leading multiplex operator has unveiled a new sub-brand P[XL], its home grown big movie screen format known as Premium Extra Large, at Mani Square, Kolkata.

The company will add four screens this fiscal and around 10 more in next fiscal under P[XL], equipped with features, including extra-large wall-to-wall screen, dolby moving sound technology and Dual 4K projection system.

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.

Peers
Company Name CMP
PVR Inox 1329.05
Saregama India 500.40
Shemaroo Entertain. 119.75
UFO Moviez India 61.00
Balaji Telefilms 95.70
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