In a bid to expand its footprints across cities like Bhiwadi, Shimla and Lucknow, SRS Cinemas, part of SRS, is planning to open 18 screens by the end of this fiscal. Following the opening of these screens, the total count will increase to 51 screens. The expansion would entail an investment of about Rs 25 crore, which would be funded through internal accrual.
At present, the company has 33 screens across places like Faridabad, Bijnor and Gorakhpur. It has already signed up for locations like Bhiwadi, Shimla, Amritsar, Lucknow and Shahadara (Delhi), which will come up this fiscal.
SRS is a diversified company with a business portfolio comprising of cinema exhibition, food and beverages, retail and manufacturing and retailing of jewellery. It sells a wide range of gold and diamond jewellery under the brand name of SRS Jewells.
