CRISIL has reaffirmed 'AAA/Stable/A1+' ratings on bank facilities and short-term debt programme of Coal India (CIL). The ratings continue to reflect the strategic role that CIL plays in helping India meet its energy requirements. The ratings also factor in the company's near-monopoly status in India, healthy profitability levels, and strong financial risk profile.

These rating strengths are partially offset by CIL's exposure to the influence of socio-political factors, to regulatory risks, and to constraints in the coal distribution and evacuation infrastructure, in the coal mining industry in India.

CRISIL believes that CIL will continue to maintain its dominant market position in the domestic coal market and maintain its strong capital structure and surplus liquidity position over the medium term. The outlook may be revised to 'Negative' if there are adverse changes in India's coal policy.

Shares of the company gained Rs 3.75, or 1.06%, to trade at Rs 356.50. The total volume of shares traded was 88,202 at the BSE (2.37 p.m., Monday).