IEX CFO: Gearing up for the big reforms

Vineet Harlalka, chief financial officer, company secretary and compliance officer at the Indian Energy Exchange Ltd (IEX) holds a bachelor's degree in commerce from the University of Delhi, and has been admitted as an associate of the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India. He has over 13 years of experience in the field of finance, taxation and treasury, secretarial and accounting practice and prior to joining IEX, he worked with New Holland Fiat (India) Pvt Ltd. Here follows edited excerpts from an interview with Dhirendra Kumar and Ruchira Singh from Value Research: What will make the spot electricity market grow in India? It requires a push on two fronts - the first being the policy and regulatory front and other, increase in energy consumption. Electricity is a concurrent subject under the Indian federal structure, and every state can have its own regulations. Over the last few years, the government has been trying to introduce structural shift in the electricity sector through the amendme