Even as it gears to launch India’s largest multiplex, PVR Limited today said has earmarked a Capex of Rs. 130-140 crore for new screen development next fiscal to cement its leadership position in the market.
“We are looking at adding 60 more screens every year. This fiscal we did 52 screens and we should be able to open about 60 screens next year. Of this, we have only one Superplex coming up in Bangalore, which would be at 12 screens. We would like to do more Superplexes’, because that is what we think is the future, but it is also a function of the space that we get from our developers and the size of the malls they are building,” says PVR Ltd, Joint Managing Director, Sanjeev Kumar Bijli.