PVR unveils 4-screen multiplex in Punjab

17 Jun 2022 , 03:10 PM

With this launch, PVR Cinemas consolidated its foothold in Punjab with 63 screens in 12 properties and 275 screens across 62 properties in North. Centrally located on the Rajpura Highway, the new property has a total seating capacity of 621 audiences and is the first multiplex in the city equipped with plush recliner seats for comfort and 2K RGB+ Laser projectors that deliver ultra-high resolution, sharp and bright images. In addition, it is equipped with advanced Dolby 7.1 immersive audio and Next-Gen 3D technology. Speaking on the launch, Sanjeev Kumar Bijli, joint managing director of PVR, said, ?We are thrilled to open our first property in Patiala as we bring the finest movie-going experience to the people of the city. While we look forward to extending our footprint across the country, we will continue to focus on smaller towns and citiesto bring them at par with the highest global standards of out-of-home entertainment that PVR delivers in bigger cities to cater to a wider audience. Expressing views on the expansion of PVR in Punjab, Pramod Arora, chief growth & strategy officer of PVR said, ?Punjab holds lot of promise for our growth plans in the North. We have expanded our presence in Patiala after our successful run in Ludhiana, Jalandhar, Mohali, Pathankot, Khanna, Amritsar and Zirakpur. There is enough room for the film exhibitions growth in the backdrop of a vibrant Punjabi entertainment industry aided by regional Punjabi content which has gained prominence after the pandemic.? PVR is the largest film exhibition company in India. It currently operates 858 screens across 174 properties in 75 cities (India and Sri Lanka). PVR reported consolidated net loss of Rs 105.49 crore in Q4 FY22, lower than net loss of Rs 289.21 crore in Q4 FY21. Total revenue jumped 120.19% to Rs 579.66 crore in Q4 March 2022 over Q4 March 2021. Shares of PVR were down 1.95% to Rs 1,695.30 on the BSE. Powered by Capital Market – Live News