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The study focused on the ability of firms to play this role is in major part determined by the structure of the financial system in which they operate, and in particular whether this financial system is able to make capital available efficiently to those firms that need it. The study examines the relation between the Financing, Investments, Capital Budget and Dividend decisions, where the effect of financial constraints on the firm’s investment decision is investigated. The study focuses on how financial constraints affect different firms by investigating the extent to which the dependence on internal cash flow is affected by firm characteristics such as size, age, dividend payout ratio, and market listing. This implies that firms retain earnings (RE) in order to ensure that they have sufficient capital to invest, confirming the initial result that Indian firms are financially constrained. This study adopted a descriptive design that aims at exploring the financial constraints of dividend policy and capital structure theories of companies listed at NSE and BSE in India. The data was obtained from financial statements and balance sheet of all the listed companies’ information available at the NSE and BSE secretariat for 10 years from 2005 to 2015.

AbstractA metal-organic framework, UiO-66, has been evaluated as adsorbent in a post-combustion vacuum swing adsorption (VSA) process. Equilibrium isotherms of the most relevant gases (CO2 and N2) as well as breakthrough curves measured using synthetic flue gas containing 15 mol% CO2 without and with 9 mol% water vapor are reported. Based on the breakthrough data, a six step one-column VSA cycle is designed and the effects of adsorption and CO2 rinse times used on the CO2 recovery and CO2 purity are examined. With the chosen process configuration and cycle design CO2 purities around 60% and CO2 recoveries up to 70% are achieved. 50 cycle adsorption-desorption experiments show that the cyclic CO2 capacity is reduced by approximately 25% in the presence of water vapor. No reduction in cyclic capacity is observed with increased cycle number; there is rather a slight increase in cyclic capacity with cycle number indicating that a cyclic steady state still not has been reached after 50 cycles.

Nowadays in India the renewable energy sources are continuum growing to accommodate the current demands of energy. Therefore, for an effective use of this energy, a careful and critical analysis is required. As per literature review, India was reported having a massive potential as superpower source in terms of wind energy In the present research, an effort has been carried out to explore various decision making approaches such as TOPSIS, VIKOR, and Fuzzy analysis, to subsequently rank various Indian states with respect to their wind energy potential. In this perspective, potentiality indices have been found on the justification of five significant factors that influence the effective use of wind energy and then a classification has been proposed. It was found that the wind power density is the most significant parameter while the technical expertise has been found as the least significant among identified parameters. The results presented here indicates that among all alternative states of India, Tamilnadu and Maharashtra have the maximum potential to tap the wind energy potential. This study will act as a guide for various government agencies to re-evaluate and re-formulate their energy policies as well as will help various investors (under the ‘Make in India’ campaign) orientated to do business here, to take a well informed decision. The present study also provides a way to make strong policies, in the area of high wind energy potential, in order to maximize the use of renewable source of energy which allows to tackle the societal need and poverty.

Globally, solar energy has become a major contributor to the rapid adoption of renewable energy. Significant energy savings have resulted from the widespread utilization of solar energy in the industrial, residential, and commercial divisions. This review article comprises research conducted over the past 15 years (2008–2023), utilizing a comprehensive collection of 163 references. Significantly, a considerable focus is directed towards the period from 2020 to 2023, encompassing an extensive investigation into the latest developments in solar panel technology in civil engineering. The article examines the incorporation of solar panels into building designs and addresses installation-related structural considerations. In addition, the present review examines the applications of solar panels in terms of innovative infrastructure development applications of solar panels, such as photovoltaic parking lot canopies and photovoltaic noise barriers, which contribute to improved energy efficiency. It also emphasizes their role in water management systems, including water treatment plants, water pumping and irrigation systems, energy-efficient solar desalination technologies, and promoting sustainable water practices. In addition, this study examines how solar panels have been incorporated into urban planning, including smart cities and public parks, thereby transforming urban landscapes into greener alternatives. This study also examined the use of solar panels in building materials, such as façade systems and solar-powered building envelope solutions, demonstrating their versatility in the construction industry. This review explores the diverse applications of solar energy, which promotes sustainable practices in various industries. Owing to the ongoing research, solar energy holds great promise for a greener and cleaner future.

Biomass pretreatment incurs 40% of the overall cost of biorefinery operations. The usage of mushroom cultivation as a pretreatment/delignification technique, and bio-ethanol production from spent mushroom substrates, after subsequent pretreatment, saccharification and fermentation processes, have been reported earlier. However, the present pilot-scale, entirely-organic demonstration is one of the very first biorefinery models, which efficiently consolidates: biomass pretreatment; in-situ cellulase production and saccharification; mushroom cultivation, thereby improving the overall operational economy. During pretreatment, the oyster mushroom, Pluerotus florida VS-6, matures into distinct substrate mycelia and fruiting bodies. Consequential variations in the kinetics of growth, biomass degradation/substrate utilization, oxygen uptake and transfer rates, and enzyme production, have been analyzed. Signifying the first-time usage of a biomass mixture, comprising vegetative waste and e-commerce packaging waste, the 30 day-long, bio-economical, non-inhibitor-generating, catabolite repression-limited, solid-state in-situ pretreatment-cum-saccharification, resulted in: 78% lignin degradation; 13.25% soluble-sugar release; 18.25% mushroom yield; 0.88 FPU/g.ds cellulase secretion. The in-situ saccharified biomass, when sequentially subjected to ex-situ enzymatic hydrolysis and fermentation, showed 37.35% saccharification, and a bio-ethanol yield of 0.425 g per g of glucose, respectively. Apart from yielding engine-ready bio-ethanol, the model doubles as an agripreneurial proposition, and encourages mushroom cultivation and consumption.

Renewable energy-based off-grid projects have played a crucial role in Sri Lanka’s universal electrification effort. The paper, in this context, unravels two crucial and quite interrelated aspects of decentralised off-grid electrification in the country: a) it critically analyses the off-grid electricity sector development and assesses its contribution to the universal electrification in the country and; b) it examines the current set of challenges associated with the off-grid electrification in the larger context of massive grid expansion. A mix of quantitative and qualitative research methods is employed as tools of analysis. The paper brings out several policy-relevant findings. Strategic policy interventions coupled with targeted policy goals, robust community-centric management structures, well-designed credit systems, and well-structured capacity-building initiatives are identified as key leveraging points for the success of off-grid electrification projects. The techno-economic analysis of an existing micro-hydro project reveals that there exist opportunities for more productive use of existing capacity. Grid interconnection of off-grid energy projects emerges as a major challenge beset with a whole gamut of technical, legal, regulatory, financial, and social conundrums. Interestingly, the intensity of such challenges differs across ownership types.

This work investigates a new nanostructured gas-diffusion-layer (nano-GDL) to improve performance of air-cathode Single-Chamber-Microbial-Fuel-Cells (a-SCMFCs). The new nano-GDLs improves the direct oxygen-reduction-reaction by exploiting the best of nanofibers from electrospinning in terms of high surface ratio to volume and high porosity, and laser-based processing to promote adhesion. Nano-GDLs by electrospinning were fabricated directly collecting two nanofibers mats on the same carbon-based electrode, acting as the substrate. Each layer was designed with a specific function: water resistant, oxygen permeable polyvinylidene-difluoride (PVDF) nanofibers served as a barrier to prevent water-based electrolyte leakage, while an inner layer of cellulose nanofibers was added to promote oxygen diffusion towards the catalytic sites. The maximum current density obtained for a-SCMFCs with the new nano-GDLs is (132.2 ± 10.8) mA m-2, and it doubles the current density obtained with standard PTFE-based GDL (58.5 ± 2.4 mA m-2), used as reference material. The energy recovery (EF) factor, i.e. the ratio of the power output to the inner volume of the device, was then used to evaluate the overall performance of a-SCMFCs. a-SCMFCs with nano-GDL provided an EF value of 60.83 mJ m-3: one order of magnitude higher than the value of 3.92 mJ m-3 obtained with standard GDL