Suzlon Energy announced that the board of directors, at its meeting held on Oct. 30, 2008, decided to drop plans to invest in new tower manufacturing facility and accordingly, the total capex plan shall stand reduced by Rs 6.69 billion.

The company registered a steep drop of 95.22% in net profits of Rs 169.80 million for the quarter ended in September 2008 from a profit of Rs 3,555.80 million for the quarter ended in September 2007.

Net sales rose 32.42% to...