The Hindu Business Line : SSI plans to set up 18 multiplex screens

SSI Ltd, through its entertainment arm Telephoto Entertainments, plans to set up 15-18 multiplex screens in the next 12 months, according to Mr Kalpathi Suresh, Chairman and CEO, SSI Ltd.

The company has acquired land for a five-screen multiplex in Villivakkam and for a seven-screen multiplex in Arumbakkam on the Inner Ring Road. The estimated project cost would be Rs 20-30 crore, he said.

Mr Suresh said the company would operate these multiplexes and not go for operational tie-up with other companies.

The company plans to have adjacent food courts and gaming parlours, which is a departure from the prevalent model of locating multiplexes inside shopping malls.

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