"In addition to 1 property, 5 screens and 617 seats (already opened), we expect to open another 12 properties, 54 screens and 10,786 seats this financial year," Deepak Asher, Inox Leisure Director and Group Head, told analysts during a conference call.
Multiplex operator Inox plans to invest up to Rs 320 crore to open 128 screens in the next 2-3 years while it continues to scout for acquisitions, especially for regional players, to expand footprint across India.
It was a stellar listing for Inox Wind on Thursday as the huge buying demand and good order book position drove the stock 38 percent higher intraday.
The company is confident of taking full advantage of the government‘s encouragement to the sector and is hopeful of maintaining a very strong growth momentum.
In an interview with CNBC-TV18, Deepak Asher, director of INOX Wind, which is coming out with an IPO, discussed the company‘s investment plans and the business outlook going forward.
The company is also expecting to use another Rs 150 crore for project site development.