Compression moulding is an economical process for processing thermosetting polymers hence finding numerous applications in industries. The moulding parameters like the pressure, temperature and curing time play an important role in influencing the quality characteristics of the manufactured component. The present work is intended to produce fibre glass reinforced epoxy stiffeners using the process of compression moulding for various combinations of input parameters. The input parameters were varied at two levels and a L8 orthogonal array was chosen to perform the trials. Grey relational analysis (GRA) was applied for optimizing the process parameters and ANOVA was performed to identify the contribution of various process parameters.