With the opening of a new seven-screen multiplex at the Ampa City Walk recently, the PVR Cinemas’ screens in India have gone up to 123 with its presence in chennai going up to 17 cities. The multiplex has a seating capacity of 1794 and the tickets are priced at Rs. 120.
Mr. Pramod Arora, Group President, PVR Ltd. on the launch said, “South is an important market for PVR and today’s launch in the capital city of Tamil Nadu- Chennai is a step in the right direction to accomplish our expansion plans. This is indeed a great way to begin a new financial year. We plan to invest about Rs. 120 crores this year, and expand our presence across the country. For South India specifically we are looking at investing Rs 50 crores in the coming 18 months. We have very aggressive expansion plans for this year, not just in the multiplex space but also for PVR Pictures and bluO.”