Acquired by the Janglas in 1978, Grand Foundry (GFL) manufactures cold-finished stainless and alloy steel bars. In Feb.'92, it came out with a public issue. Today, GFL is India's premier bright steel bar (mainly stainless steel) processing house. It has to its credit one of the best-equipped plants in the country and some of the sophisticated and efficient processing technologies in the world. GFL supplies practically every grade of steel required by the engineering industry to customers spread throughout India, and in the US, Japan, Europe, Australia, Canada, etc. The company bagged an award from the Engineering Export Promotion Council (EEPC) of India for the sixth year in succession (since 1988-89).

GFL is a government-recognised Export House. It has implemented a two fold backward integration project by installing a wire rod and bar mill along with a steel-making facility. The Rs 250-cr project was completed in the fag end of 1997.