Peiner SMAG Machinery (India) Pvt. Ltd. (PSI) is an Indo-German joint venture founded in 2011 and started commercial production from the Ranipet Factory in April 2015. PSI is a specialist engineering manufacturing company with core competency in development, design, manufacturing and servicing lifting equipment specifically designed for loading and unloading bulk material/cargo such as Coal, Iron Ore, Steel Scrap, Fertiliser, Cement Clinker, Waste Handling, Timber/Logs, Sand/Gravel and all bulk commodities.