New Delhi: The Public Enterprises Selection Board (PESB), the head hunter body of the government which is responsible for the selection of personnel at the posts of Chairman, Chairman & Managing Director (CMD) and Functional Directors in the Public Sector Undertakings (PSUs), did not find any suitable candidate for the post of Director (Finance) of Mumbai Railway Vikas Corporation (MRVC). According to a notification issued by the PESB, the selection panel's interview-cum selection meeting was held on Monday afternoon, in which a total of three candidates have appeared. MRVC is a PSU under the Ministry of Railways.

"The Board did not recommend any candidate as suitable for the post and recommended the Ministry to take alternative means/deputation for selection for the post of Director (Finance), MRVC," the PESB panel said in a notification.

There were a total of three candidates who appeared and were interviewed in the PESB selection meeting. The candidates who were on the list were one each from Konkan Railway Corporation Limited (KRCL), Power Grid Corporation of India Limited (PGCIL) and Rosa Power Supply Company Limited.

MRVC is under the ownership of Indian Railways, Ministry of Railways. It was incorporated on 12 July 1999 with an equity capital of Rs 25 crore shared in the ratio of 51:49 between the Ministry of Railways and the Government of Maharashtra. MRVC is responsible to execute the projects under Mumbai Urban Transport Project (MUTP) as sanctioned by the Ministry of Railways for enhancing suburban rail transportation capacity thereby reducing overcrowding and meeting future traffic requirements.

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