PVR to set up 60 multiplex screens

PVR Ltd has assigned around Rs 120 crore for setting up 60 multiplex screens across India. Of this, 14 are already operational and the remaining will be opened by the end of this fiscal. The company currently has around 127 screens and invested Rs 14 crore in the new seven-screen multiplex, which has a seating capacity of 1,850. South India is an important market for the company, for which it has been planning to invest around Rs 50 crore in the next 18 months in the south. Of course, the expansion of PVR multiplexes will shower new business opportunities to signage comanies such as, fabricators, printers and others.