PVR has deceided to add 50 screens this fiscal year. The furthur releases are going to add a lot to teh earnings of PVR. On asked about the latest talks going on about the Pheonix Mills Land, the Nitin Sood said that Pheonix mills is a part of their portfolio.
Expansion in the form of 50 screens is a big jump. The multiplex property at Phoenix Mills is owned by the company. On an average this year they will be coming out with about 50 odd screens, and the next year plan is also on a similar basis. On an average they will be spending about Rs 60 crore to Rs 70 crore of capital on the screen expansion each year to roll out the new screens that we are planning to come out with.
This big leap is definitely going to increase the production bounds over what they were last year. :bolt:
:kelw:
Expansion in the form of 50 screens is a big jump. The multiplex property at Phoenix Mills is owned by the company. On an average this year they will be coming out with about 50 odd screens, and the next year plan is also on a similar basis. On an average they will be spending about Rs 60 crore to Rs 70 crore of capital on the screen expansion each year to roll out the new screens that we are planning to come out with.
This big leap is definitely going to increase the production bounds over what they were last year. :bolt:
:kelw: