Hi Lokesh,
It sounds like this is probably restarting due to the errors you are seeing rather than some setting to restart it that frequently. There is a setting in IIS for the application pool where you can define intervals for recycling it (under the app pool -> Edit Application pool -> Recycling) but this is set to 29 hours by default (1740 mins) and I don't think this would necessarily restart the application but just start a new worker process and transfer the requests over to that.
Can you give some more info on the error details? Maybe we can pinpoint and suggest a fix for those errors instead.