Multiplex chain operator PVR has set plan for a capital expenditure of up to Rs 250 crore for the current fiscal for opening new screens and refurbishing the existing ones. The company expects an annual capex of Rs 200-250 crore this year on rolling out new screens and refurbishment of existing screens. The Delhi-based firm aims to have around 610 screens in total at the end of the current fiscal. In the move, around 65 screens will be added in this fiscal year, in which 8 screens have already been added with PVR Panvel and PVR cinemas at Singapore Mall, Lucknow. Signage companies engaging in branding and fabrication of multiplex cinemas must grab this new business opportunity.
