Pvr

PVR launches sustainability campaigns, join hands with actor Bhumi Pednekar

Leading multiplex operator PVR INOX Ltd on Saturday announced the launch of a campaign to spread awareness about climate change and has joined hands with Bollywood actor Bhumi Pednekar. PVR, which after its merger with INOX Leisure operates over 1,600 screens pan India, is taking steps to reduce the carbon footprint by pursuing sustainable activities in its operations. "We have started many initiatives such as replacing all plastic usage inside the cinema halls with biodegradable materials such as paper cups, cutlery plates etc. We have water and electricity conservation plans where we would replace LED light, sensors in common areas etc," PVR INOX Executive Director Sanjeev Kumar Bijli told PTI. With this, PVR INOX would save 2,000 tonnes of carbon footprints in a year by taking these sustainable steps, he added. It has replaced single-use plastic served to customers by sugarcane bagasse food containers, and coated paper straws made of biodegradable polymers, said Bijli. Besides,

PVR launches Lucknow's biggest 11-screen cinema post merger with Inox

After merging with INOX Leisure Limited, PVR Limited announced the opening of Lucknow's largest cinema in Lulu Mall. The 11-screen Superplex will increase the company's presence in UP

Stocks to watch: HDFC Bank, NMDC, PVR, Lupin, Sunteck Realty, Tata Motors

Stocks to watch today: From HDFC to PVR, here are top stocks to watch in Thursday's trading session

PVR Inox to add 200 screens each year; expects double-digit growth in FY24

Leading multiplex operator PVR is working on "getting economies of scale" after the merger of rival Inox Leisure and expects a double-digit growth in its top-line in FY24, said managing director Ajay Bijli. PVR is working on synergies on revenue from ticket prices, food & beverage, advertising, and operating costs, he said, adding that the merged entity has plans to add 200 screens every year, and tap the potential of smaller markets. "If you look property by property, in certain places there are disparities in the ticket price. There are opportunities for improving programming, and scheduling the peak-hour ticket pricing," Bijli told PTI. Besides, some of the properties would also have to be upgraded, he said. "We both are operating in the same environment and look at the demographics in a similar way. But whatever tweaking needs to be done for both brands to give a consistent experience, we are working on it," Bijli added. When asked about the growth in terms of the top-line of

PVR expands its footprints in North, opens at third location in Faridabad

With this launch, PVR Cinemas has consolidated its foothold in Haryana with 50 screens in 13 properties and 286 screens across 65 properties in North

The Budget is highly pragmatic and growth oriented: PVR's Ajay Bijli

Ajay Bijli, Chairman and Managing Director, PVR Ltd, talks about Union Budget 2023

PVR dips 5%, hits over 10-month low post December quarter results

According to analysts, key medium-term trigger for the stock will be the proposed merger with INOX, which likely to be consummated within a month

Stocks to Watch: RIL, PVR, HUL, Bata India, Sun Pharma, Vedanta, LTTS, Auto

Stocks to watch today: Jubilant Foodworks plans to open 3,000 Domino's stores - 250 stores for Domino's India in the next 12-18 months. It also plans to start 40-50 stores for Popeyes India

PVR swings to Q3 profit of Rs 16.15 cr on strong movie runs, revenue up 53%

The company said it is on track to open a total of 100-110 new screens by the end of this fiscal year

Sensex snaps 2-day winning streak, ends 187 pts lower; Nifty50 below 18,150

CLOSING BELL: Broader markets, too, were subdued in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.4 per cent.

PVR-Inox merger: How big is the consolidation in Indian cinema

The country's largest and second-largest theatre chains, namely, PVR and Inox, received the final approval for their proposed merger on Thursday

NCLT gives approval for merger of multiplex operators PVR and Inox

Detailed order expected in next few days; paves way for India's largest cinema chain

Stocks to Watch: TCS, SBI, Tata Motors, LIC, Paytm, IDBI Bank, ONGC, PVR

Stocks to Watch: TCS reported 11 per cent YoY growth in Q3 net, while revenue beat analyst expectations at Rs 58,229 crore.

PVR aims to operate 1,000 screens by FY24-end, invest Rs 300 cr: JMD

Multiplex operator PVR aims to operate 1,000 screens by the end of FY24, by adding 100 more screens in the next 15 months, the company's Joint Managing Director Sanjeev Kumar Bijli said. The company, which on Monday achieved the milestone of 900 screens, would invest around Rs 300 crore to add another 100 screens, Bijli said. As part of the expansion, the company is entering into newer cities, especially in the south and east parts of the country, where it has a negligible presence. PVR is looking for smaller cities, which are unserved and have "high potential", said Bijli. When asked about expansion, Bijli said, in the current quarter, PVR would add 30 screens. Moreover, some of the screens which are currently under fit-outs would also be ready for operation in the March quarter. "We are now aiming to have 1,000 screens by FY24," said Bijli, adding, "the company would invest around Rs 300 crore to open 100 screens" in the next 15 months. Besides India, PVR has a small presence i

PVR-INOX merger should get done by Feb next year: Director Siddharth Jain

'We would love to have more players entering the market because that is how the business will grow'

Stocks to Watch: PNB, Tube Investments, Indian Oil, Laurus Labs, SBI, Lupin

Stocks to Watch: Punjab National Bank (PNB) on Thursday said it received the government's approval to divest its entire stake (15.22 per cent) in UTI Asset Management Company

Top Headlines: Air travel recovery stalls, India's iPhone exports & more

The post-Covid recovery in air travel in India has stalled, putting a question mark over the stretched finances of airlines

PVR sees superplexes as next blockbuster concept in cinema business

A regular multiplex typically has 4-5 screens per property. Larger ones may go up to 7-8 screens at a single location

Stocks to Watch:TCS, Keystone Realtors, Tata Power, Biocon, HG Infra, Adani

Stocks to Watch: Keystone Realtors will debut on the BSE and NSE today. The issue price has been fixed at Rs 541 per share

India's top multiplex chains bank on festive season to bring cheer back

A slate of flop Bollywood movies have hit India's top cinemas hard, leaving the industry to bank heavily on the current festive quarter to revive its fortunes