Peiner SMAG Machinery (India) Pvt. Ltd. (PSM), an Indo-German joint venture established in 2011, began commercial production in April 2015 at its Ranipet factory. PSM specializes in engineering, designing, manufacturing, and servicing lifting equipment such as Grabs, Clamshell Grab Buckets, Grapple Buckets, Hydraulic Grabs, and Orange Peel Grabs. These are used for handling bulk materials like coal, iron ore, steel scrap, fertilizer, clinker, timber, waste, sand, and other commodities across various industries.