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MARKET EYE-L&T needs to announce 54 bln rupees projects-Jefferies
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* Jefferies says Larsen & Toubro Ltd needs to announce additional projects worth 54 billion rupees this month to meet expected order flow of 180 billion rupees for the third-quarter of 2013. * The investment bank says that 15 percent on year order flow growth is "required to sustain valuations". * "We maintain that outlook for FY14E remains difficult and upside will be capped," Jefferies said in a note. * Shares of Larsen & Toubro were down 0.8 percent at 0911 GMT. (manoj.dharra@thomsonreuters.com)
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