One of the top officials of Cinemax India Ltd. on Sunday announced that the company has huge plans of expansion, looking at the way entertainment industry is booming, the company has planned to increase the number of screens under its operation by twice to 200 across the nation, in the next 3 years, for which it will be investing a sum of Rs. 100 crore.

Out of the 100 new screens to be added 30 will be added in the nest 6 months itself at a sum of Rs. 45-50 crore, for which the company will be financing through its internal accruals and debt.

The company is also planning to raise capital for which the fund raising instrument is yet to decide as to whether it will be QIP, or a follow on issue.

The company currently has about 105 screens across 18 cities in 33 properties which help make it among top notch theatre chains in the nation. In FY 2011 the company’s estimated turnover will be close to 240 crore which they plan to increase to 380 crore in 2012.