Jindal Steel & Power, an Indian steel and energy company announced that CRISIL Ratings has upgraded its rating from CRISIL A- with a 'stable' outlook to CRISIL A+ with a 'Positive' outlook on the Long-Term Bank Facilities of the company.

The credit rating agency has also upgraded ratings on short-term bank facilities of the company from 'CRISIL A2+' to 'CRISIL Al+'.

"The ratings are upgraded to CRISIL A+ with Positive outlook for Long Term Bank Facilities and CRISIL Al+ for Short Term Bank Facilities," the company said.

Shares of the company gained Rs 1.05, or 0.26%, to trade at  Rs 402.85.  The total volume of shares traded  was 144,560 at the BSE (11.07 a.m.,Thursday).