BENGALURU, Aug 22 (Reuters) - India's Hindalco

Industries will spend $10 billion to expand its

domestic business and U.S.-based aluminium recycler Novelis Inc,

Chairman Kumar Mangalam Birla said during the metals refiner's

shareholder meeting on Thursday.

Hindalco would use the $10 billion for the ongoing aluminium

and copper expansion projects as well as new ones, such as

Novelis' Bay Minnette project in the United States, he said.

The Aditya Birla Group-owned company, which plans to expand

its copper smelting capacity, is also exploring setting up a

brownfield facility in Gujarat for copper.

The company did not provide any timeline for the previously

delayed initial public offering of Novelis, Hindalco's biggest

business that generates 60% of its revenue.

Hindalco said in December it was expanding beyond its core

set of customers and aiming to produce key components for

electric-vehicle cells.