try this
<telerik:GridTemplateColumn FilterControlWidth="60" DataField="Status" HeaderText="Status" UniqueName="Status" HeaderStyle-Width="250px">
<asp:Label ID="Status" Text='<%# Bind("Status") %>' runat="server"></asp:Label>
</telerik:GridTemplateColumn>
C#
protected void RadGrid1_ItemDataBound(object sender, Telerik.Web.UI.GridItemEventArgs e)
{
if (e.Item is GridDataItem)
{
GridDataItem item = (GridDataItem)e.Item;
Label lbl = (Label)item["TemplateColumn"].FindControl("Status");
string iss = lbl.Text;
}
}