Page 2 - Inox

PVR Inox bets on FOCO model to widen presence beyond metro cities

Cinema exhibitor PVR INOX is betting big on franchise owned company operated model to expand its presence beyond metros in India while also seeking to spread its affordable luxury offering, according to its CEO Pramod Arora. The company is hoping that by developing cinema exhibition infrastructure in different parts of the country it would be able to provide economic benefits to local filmmakers and artists through box office receipts and sustain content creation, Arora told PTI. Through the franchise owned company operated (FOCO) model, PVR INOX provides its expertise to oversee design, development, execution, and day-to-day operations of properties developed by investors who own the assets. PVR INOX, which opened a 5-screen multiplex in Raipur last week, is banking on the FOCO model to accelerate expansion across the country, particularly scaling up premium cinema formats in high-potential Tier II and Tier III cities. "The beginning of FOCO actually happened with Gwalior which .

Blockbuster Tuesdays: PVR Inox to offer tickets starting ₹99 from April 8

However, due to government-mandated pricing regulations in certain South Indian states, a different pricing structure might apply in Tamil Nadu, Telangana, Kerala, and Andhra Pradesh

INOX India shares gain 3%; rise 11% from 52-week low; details here

INOX India share price was trading higher by 2.52 per cent, at 1,008, at around 1:50 PM, today

Penalty for ad delays: Bengaluru man sues PVR, INOX, wins Rs 65k in court

The complainant accused the multiplexes of misleading customers with incorrect show timings and forcing them to watch ads for commercial gain

Inox Wind stock up 20% on heavy volumes; investors eye Q3 results on Jan 31

Inox Wind share price: Today's rise in Inox Wind share also comes after peer firm Suzlon Energy posted strong quarterly results for the October-December quarter of the current financial year (Q3FY25)

PVR Inox launches app feature 'SCREENIT' for curated movie experience

Buoyed by strong consumer response to re-released films, cinema chain PVR INOX Ltd on Monday introduced a feature allowing movie lovers to create or join customised shows at their preferred cinemas. The company has introduced a platform named SCREENIT available only on PVR INOX app allowing customers to curate their movie experience. It gives audiences the opportunity to relive classics and fan favourites and enables them to choose from a diverse library of over 500 titles and create community-driven screenings, PVR INOX said in a statement. "SCREENIT empowers audiences to curate their movie experience, ?choosing what, when and where to watch, ?all while offering exciting rewards," PVR INOX Ltd CEO of Luxury Collection and Innovation, Renaud Palliere said in a statement. The company said users can explore the SCREENIT platform and browse through a wide selection of movies and pick their preferred cinema and time, and book tickets. Users can also create shows of their choice by ..

Inox Wind secures 60 MW equipment supply order from Serentica Renewables

Inox Wind (IWL) on Wednesday said it has secured a 60 MW equipment supply order from Serentica Renewables. This order is for the supply of 3 MW class wind turbines. This order is to be delivered within H1 CY25 and it will be installed at the hybrid renewable energy project site being developed by Serentica Renewables in Karnataka, the company said in a statement. Additionally, IWL will provide multi-year post-commissioning Operations & Maintenance (O&M). The power generated from this project will be supplied to Serentica's partners, including the Vedanta Group. Kailash Tarachandani, Group CEO, Inox Wind said in the statement, "We are extremely pleased to establish our relationship with Serentica with this 60 MW equipment supply order. Akshay Hiranandani, CEO of Serentica Renewables, said, "Our collaboration with Inox Wind for this 60 MW wind project in Karnataka marks another significant milestone in our journey to deliver reliable and green energy to our partners, including .

InoxGFL enters solar manufacturing, first plant likely by early next year

Policy emphasis on local equipment, existing RE customer base key push for the decision, says Devansh Jain

Inox Green, Inox Wind shares gain up to 4% on Group's foray into solar mfg

Inox Green rose up to 4.40 per cent to hit an intraday high of Rs 182.50 per share, while Inox Wind increased as much as 1.60 per cent to an intraday high of Rs 211.50 per share

PVR Inox to have 2K screens by 2026, eyes Tier-II,-III cities for expansion

Launches AI chatbot on WhatsApp with Meta, Razorpay, Jio Haptik

PVR INOX to add 100 screens next year with investment of around Rs 200 cr

Cinema exhibitor PVR INOX Ltd plans to add around 100 screens next year entailing an investment of around Rs 200 crore, its Executive Director Sanjeev Kumar Bijli said on Friday. The company, which launched an AI-powered WhatsApp chatbot, Movie Jockey (MJ), for movie discovery and booking experience, plans to add 100 screens every year going forward. "This year so far we opened about 70 odd screens and closed about 45-50 screens. We will be adding about 40 more screens this year and we will be closing down another 10-15 screens," Bijli told PTI here on the sidelines of the launch. The idea was to close down about 75 screens this year and add about 120, he said, adding "so we are on track". When asked about future expansion plans, Bijli said, "The following year we are looking at adding almost 100 screens per year." When asked about investments, he said next year's pipeline of 100 screens will entail a capital outlay of about Rs 200 crore. "We are looking at asset light model now

Inox India gains 4% on bagging LNG tanks & regasification order in Bahamas

The terminal will feed natural gas to the independent power producer's (IPP) 60 MW combined cycle power plant being set to provide shore power to Cruise Ships at the Nassau Cruise Port

Strong content pipeline, asset light model to drive gains for PVR Inox

Most brokerages believe that the content pipeline in the December quarter will help the company surpass the performance in Q2FY24

Inox Wind secures Rs 2,200 cr financing deal with ICICI Bank-led consortium

Wind energy solutions provider Inox Wind on Monday said it has signed an agreement with a consortium led by ICICI Bank to tie up Rs 2,200 crore finance facility. This limit is likely to be enhanced further to Rs 2,400 crore as per the working capital assessment done by the lead bank (ICICI Bank), Inox Wind Limited (IWL) said in a statement. The consortium agreement was signed with a group of banks led by ICICI Bank for limits of Rs 2,200 crore. The limits are largely non-fund (bank guarantees and letter of credits) based, the statement said. The limits have been sanctioned on the financial strength of IWL's balance sheet and without the requirement of any corporate guarantees or any other support from Gujarat Fluorochemicals Ltd (GFL). With this arrangement in place, any prior corporate guarantee or any other such support extended to IWL by GFL stands vacated/to be vacated in the near future, it said. "The consortium arrangement reposes the confidence of the banking community in I

PVR INOX to close 70 non-performing screens in FY25 in Mumbai, Vadodara

Leading multiplex operator PVR INOX plans to close 70 non-performing screens in FY25 and will go for potential monetisation of non-core real estate assets in prime locations such as Mumbai, Pune, and Vadodara, according to its latest annual report. Though the company will add 120 new screens in FY25, it will also close almost 6070 non-performing screens, as it chases for profitable growth. About 40 per cent of new screens addition will come from South India, where it will have a "strategic focus" on this lesser penetrated region as per its medium to long-term strategy. Moreover, PVR INOX is redefining its growth strategy by transitioning towards a capital-light growth model to reduce its capex on new screens addition by 25 to 30 per cent in the current fiscal. Now, PVR INOX will partner with developers to jointly invest in new screen capex by shifting towards a franchise-owned and company-operated (FOCO) model. It is also evaluating monetisation of owned real estate assets, as the

Delhi HC appoints arbitrator to resolve PVR INOX, Ansal Plaza Mall dispute

PVR INOX has filed a claim of approximately Rs 4.5 crore against Ansal Plaza Mall in Greater Noida, seeking arbitration to address the issue

You can now book PVR and Inox movie tickets with Amazon pay

Amazon Pay users may earn special offers and cash-backs when they make purchases at PVR INOX theatres

31 May: Watch movies at PVR INOX for Rs 99 this Friday across 4000 screens

Celebrate Cinema Lovers Day this Friday! Book movie tickets online (BookMyShow, PayTM) or at cinemas for Rs 99

PVR Inox's food and beverage revenue outpaced ticket sale in FY24

The theatre chain's F&B sales generated Rs 1,958.4 crore in FY24, up from Rs 1,618 crore last year, whereas movie ticket revenue was Rs 3,279.9 crore in FY24, compared to Rs 2,751.4 crore in FY23

As movies disappoint, PVR Inox may screen T20 Cricket World Cup, concerts

PVR Inox, which reported a net quarterly loss of Rs 130 crore ($15.6 million) on Tuesday, is building a portfolio of concerts, sports, and alternate events to attract crowds