Anything is possible.
But you're not very clear in the functionality.
So you want to read an excel file. Easy enough.
Then you want to... read an .ini file or create an .ini file? What's the .ini file going to contain?
Then you want to take the information that you just combined in the .ini from the excel sheet and launch an executable associated with .ini files in general or that .ini file?
Details, man... give us some more details.