India, March 5 -- The oil refining industry plays an important role in meeting a country's energy needs. Refineries process crude oil into useful products such as petrol, diesel, aviation fuel, LPG, and other petroleum products. Since India imports a large share of its crude requirement, the sector is closely linked to global oil markets. Refining margins, crude prices, currency movement, and global supply conditions all influence the performance of companies in this space.

Amid ongoing global uncertainty caused by geopolitical tensions and disruptions in crude supply routes, a major public sector oil refining company has decided to shut down a part of its refinery operations due to a shortage of crude oil.

With the market capitalizati...