Mumbai, July 29 - The Anil Ambani-led Reliance Natural Resources Ltd (RNRL) Wednesday reported 7.4 percent surge in its net profit to Rs.17.2 crore ($3.5 million) for the quarter ended June 30 as compared to Rs.16 crore in the like period last year.

Total income increased 24 percent to Rs.115.4 crore from Rs.92.9 crore, the company said in a regulatory statement.

Earlier in the day, RNRL chairman Anil Ambani said his company had served notice to both the petroleum ministry and Reliance Industries Ltd (RIL) seeking an early settlement of the ongoing dispute between the two companies.

'The honourable Supreme Court will be requested to take up the matter for final hearing on September 1,' Ambani said, adding a petition on these lines will be moved in the court Thursday and hoped the government would back this initiative.