Explanation:

Here’s the breakdown:

- Tata Steel: Big in the steel game, but didn’t win the bid for BPSL.

- JSW Steel: Yes, they’re the ones who’ve been set to acquire bankrupt Bhushan Power & Steel (BPSL) after a major resolution process under India's bankruptcy laws.

- Jindal Steel: Another heavyweight, but not the buyer here.

- Essar Steel: Was itself a target in India’s bailout saga, but not connected to BPSL’s acquisition.

- Hindalco: Focuses mainly on aluminum, not steel—so not in this race.

So, JSW Steel is your correct pick for the takeover of BPSL.