PVR INOX Elevates Its Presence in Punjab with Its First P(XL) and 4K Laser Cinema in Mohali!

PVR INOX Elevates Its Presence in Punjab with Its First P(XL) and 4K Laser Cinema in Mohali!

Summary: The Cinema Giant PVR INOX operates 1,717 screens distributed among 362 properties in 115 cities, encompassing both India and Sri Lanka.

Today, PVR INOX, India’s foremost and most luxurious cinema exhibitor, has unveiled its second cinema in Mohali. This new establishment boasts the city’s inaugural P(XL) screen and an entire suite of 4K Laser Cinemas.

Located at CP 67 Mall, Sector 67, International Airport Road, Mohali, this 7-screen multiplex will provide Mohali’s residents with an additional and exceptional cinematic experience, ensuring the finest immersive entertainment beyond their homes.

Let me provide you with a brief introduction to the P(XL) screen first. It is a premium large-screen cinema format featuring extra-large screens, state-of-the-art 4K RGB laser projection systems, advanced Dolby Atmos sound, and RealD 4D technology. This combination brings every detail of the movie to life.

With the inauguration of this new cinema, PVR INOX introduced its fifth property in the tri-city area of Mohali, Panchkula, and Chandigarh.

This expansion further solidifies its presence in Punjab, where it now boasts 83 screens across 16 properties, while also contributing to the ongoing growth of its Northern India portfolio, which encompasses 464 screens distributed among 104 properties.

This fresh addition boasts a substantial seating capacity of 754, featuring a diverse lineup of auditoriums, including one P(XL), two LUXE, and four meticulously designed spaces, all equipped with cutting-edge 4K RGB Laser projection technology. Among these seven screens, the P(XL) auditorium incorporates RealD 3D technology, providing an immersive cinematic journey, while Dolby Atmos sound systems deliver a compelling and enthralling audio experience.

Mr. Ajay Bijli, Managing Director of PVR INOX Limited, stated, “We are pleased to open our second property in Mohali, recognizing Punjab’s significance as a key market and representing a substantial opportunity for our expansion strategy in the northern region. The new cinema introduces the very first P(XL) with laser projection in Punjab and offers a bespoke cinema experience that combines luxury and technology. As we aim to meet changing audience preferences, we remain committed to introducing innovative and world-class cinematic experiences across the nation. We are confident that our customers will embrace our new cinema as they seek a complete and immersive movie-watching experience.”

PVR INOX Limited is the largest film exhibition company in India, boasting 1,717 screens across 362 properties in 115 cities spanning India and Sri Lanka. Both PVR and INOX have established iconic cinema brands with storied histories, marked by significant milestones and industry benchmarks.

The company’s stock is currently trading at Rs 1,718 per share, representing a 0.5% increase from the previous day’s closing price of Rs 1,709.75 per share on the BSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.