Cinema Exhibitor company PVR Inox Limited plans to add around 100 screens next year, which will involve an investment of around Rs 200 crore. Company executive director Sanjeev Kumar Bijli gave this information on Friday. The company has introduced Movie Jockey (MJ), an artificial intelligence (AI) powered WhatsApp chatbot for movie discovery and booking experience. The company plans to add 100 screens every year in the future. Bijli told PTI at an event, “So far this year, we have opened around 70 screens and closed around 45-50 screens. We will add around 40 more screens this year and close 10-15 screens.”
Plan to close 75 screens this year
Bijli said the plan is to close about 75 screens this year and add about 120 screens. 'So we are on the right track.' Asked about future expansion plans, Bijli said, “Next year we are looking to add around 100 screens per year.” When asked about investment, he said there will be a capital expenditure of around Rs 200 crore for 100 screens next year. Currently, PVR Inox has 1,744 screens across 355 properties in 111 cities across India.
stock rise
Shares of PVR Inox Limited have seen a rise on Friday. Shares of PVR Inox Limited rose by 0.46 per cent or Rs 6.70 to reach Rs 1452.80 on Bombay Stock Exchange on Friday. 52 week high of this share is Rs 1829 and 52 week low is Rs 1203.70. The market cap of the company on BSE is Rs 14,293.50 crore.
Image Credit: India-Tv.