PVR to open over 30 screens in six months

"We are planning to open 30-40 screens at an investment of Rs 1.5-1.7 crore per screen within the next six months," PVR's vice-president (business development) Vijay Kapoor said.

The total money to be pumped in is likely to be over Rs 30-40 crore (Rs 300-400 million).

PVR, a joint venture between Priya Exhibitors Private Ltd and Village Roadshow Ltd, had launched its commercial operations in 1997. PVR also plans to invest Rs 300-400 crore to open 250 screens by 2010, according to its official website.

It operates 26 cinemas with a total of 108 screens in Delhi, Faridabad, Gurgaon, Ludhiana, Ghaziabad, Mumbai, Bangalore, Hyderabad, Lucknow, Indore, Aurangabad, Baroda and Latur.