Coal India maintains top credit ratings for bank facilities

Coal India Limited announced on October 9, 2025, that CareEdge Ratings has reaffirmed its credit ratings for the company's bank facilities. The long-term bank facilities, totaling ₹8,492.00 crore (enhanced from ₹2,694.30 crore), received a 'CARE AAA; Stable' rating. Concurrently, the short-term bank facilities, amounting to ₹5,275.00 crore (reduced from ₹7,220.00 crore), were reaffirmed at 'CARE A1+'.

The decision by CareEdge Ratings, based on an assessment of the company's operational and financial performance for FY25 (audited) and Q1FY26 (unaudited), underscores Coal India's robust financial health. The credit rating letter, issued on October 8, 2025, details a total of ₹13,767.00 crore in facilities, covering both long-term and short-term debt.

The long-term facilities include a ₹1,217.00 crore term loan from the National Bank for Agriculture and Rural Development, repayable in 40 quarterly installments post-moratorium. Fund-based limits under long-term facilities include significant allocations such as ₹2,910.00 crore from State Bank of India and ₹1,005.00 crore from Punjab National Bank, alongside smaller amounts from various other banks. Short-term facilities primarily consist of non-fund based limits, with State Bank of India contributing ₹2,755.00 crore and ICICI Bank Ltd. ₹1,680.00 crore.