PVR Inox to set up new screens plans investment worth Rs 700 crore
PVR Inox (merger of PVER and Inox) has plans to add up to 175 new screens and retrofit a host of existing ones at an investment of Rs 700 crore during FY24. This comes amidst the ongoing rationalization by the multiplex chain at a number of locations where it's making a loss.
The firm is set for aggressive expansion at a time when the cinema business is regaining its mojo pace after the long pandemic break.
Also Read: Rs 850 Crore CAPEX Planned By PVR-Inox