PVR to spend Rs 200 crore on expansion in FY22
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Synopsis
The company also has 25 new screens ready to roll out by March-end, awaiting government clearances, Sanjeev Kumar Bijli, joint MD, PVR, told ET. These include one property at BKC in the western suburbs of Mumbai (one drive-in theatre and a six-screen multiplex), three in Delhi NCR, and one property each in Kanpur, Mysore, Hyderabad and Bengaluru.
India’s leading multiplex chain
PVR has earmarked Rs 200 crore for adding new screens in the next fiscal, as the company wants to expand into new cities where it does not have a presence.