Compact Disc India Ltd to expand animation biz

New Delhi, Nov 7: Compact Disc India Ltd will expand its animation business by setting-up additional studios at Chennai and Thiruvananthapuram within the current financial year.

The company is also producing two big budget Hollywood films jointly with iMedia Ventures Ltd.

However, the films will be officially announced before the end of this year at New York, CDIL told BSE today.

CDIL posted 91 per cent increase in the sales turnover for the quarter ended September 30, 2006 at Rs 12.22 crore as compared to Rs 6.39 crore in the corresponding quarter last year.

The group has presence in 28 countries with an annual turnover of 200 million dollars.

UNI